ADM 3360 : ADM 3360 Notes.doc

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Objective: explain how this could be a good policy, etc. 5 fundamental legal system concepts: canadian legal system defines rights and obligations and imposes minimum standards. Ie general rules of commerce: legal system provides for protection measures and its up to each person to provide for these protections. Need to understand consequences are first protection measure. Things go wrong, you need to take the steps to protect yourself, know the exit route. Business law protects ideas and more tangible forms of property: legal system represents values of what we share. Defending values of system (property rights and ownership: believe that the law is guidance to the right actions. The line is to be walked straight (play by the rules to always be safe) and must accept consequences as our actions. Living up to what you have done wrong. Ex: cash under the table: canadian society provides most constitutional rights.