LAW 534 Study Guide - Final Guide: Fundamental Justice, Fiduciary, Legal Fiction
15 Oct 2017
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Hierarchy canada: constitution, legislation, jurisprudence (judge-made law/ common law) Absolute liability offence: a person must not only have committed a criminal action, but also have had a deliberate intention or guilty mind (mens rea). Dembo & freeman: time horizon: over what period of time are we not concerned or will be approved to risk, scenarios: something that could impact the business. New ceo, controversial presidency, laws and regulations, natural disasters, mergers. Dangers of single scenario analysis: you must this of possible scenarios. Important to prepare for possible events that will effect your investment or corporation. Important to consider scenarios and backup plans to address them. Compare the likelihood of a scenario against the magnitude of consequences. Even if the risk is minimal, it would be best to avoid it if the magnitude is big. (2% risk for 50 million people is still 1 million people)
