MARK 493 Final: Chapter Short Notes

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Laws are rules, but not all rules are laws this is where ethics come into play. Legislation passed by federal or provincial governments. Common law or judge-made law (case law) inherited from common law tradition of uk. Public law directly involves the government (constitutional law, criminal law, admin law) Private law involves private, legal, personal (individuals or corporate entities law of contract: treaties (conventions) a binding agreement between 2+ states. No one to enforce (cid:498)international law(cid:499) business subject to both public and private law. When national governments make international agreements, they should be enforced by passing domestic legislation in each of the countries making the agreement. Problems with un & wto: general principles recognized by civilized nations. Enforcing international law? law of torts, law of property) International customs and usage: un unable to enforce its rules, wto lacks legislative body and any real enforcing power. A binding agreement among states that"s been sponsored by an international organization.