MGMT 3100 Lecture Notes - Lecture 1: List Of Fables Characters, Corporate Social Responsibility, Legal Certainty
22 Jan 2018
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How do we define law: sets basic standards of behaviour that are enforced by government and also by individuals and groups with the help of the government, to protect persons, property, and society as a whole. Prohibits conduct that society believes to be harmful to others. Prescribes simple, vital rules for everyday life (driving on right side of road: gives government power to act for benefit of society in general. Expect government to operate in accordance with rule of law: established legal principles that treat all persons equally and that government itself obeys. Allows us to plan/ organize affairs key feature = element of certainty in determining contractual and property rights. (cid:396)a(cid:396)e (cid:272)i(cid:396)(cid:272)u(cid:373)sta(cid:374)(cid:272)es, it"s (cid:271)ee(cid:374) a(cid:396)gued that a la(cid:449) is so at(cid:396)o(cid:272)iousl(cid:455) unjust that it need not be obeyed by anyone. Law must be rooted in the ethical & moral values of society in order to be effective.
