LAW 122 Final: LAW122 FINAL NOTES
23 Apr 2017
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Why study law: every business choice has legal consequences which can be both profitable or financially disastrous, contract: a legal concept that allows people to create enforceable promises. Risk management: risk management: the process of identifying, evaluating, and responding to the possibility of harmful events. Strategies to risk management include: risk avoidance, risk reduction, risk shifting, risk acceptance. If someone is drowning in the water, are you legally required to help: no, it is not a law, but it is ethically correct to help. Four types of ethical reasoning: when values collide, there are different modes of analysis that help to make a good judgement, consequences: the greatest good for the greatest number. Civil law and common law: civil law jurisdictions, originated in ancient rome, france, italy, spain, louisiana, quebec, common law jurisdictions, originated in england, england, australia, new zealand, most of canada. Some laws are the same all across canada: ex.
