MKT 100 Study Guide - Glass–Steagall Legislation, Regulatory Offence, Strict Liability
22 Apr 2014
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MKT 100 Full Course Notes
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Government privatizes (privatize- to outsource to a private body) water testing facility and the water company didn"t disclose the vital information to the public. Their contract stated they only had to disclose this harmful information to the govt (duty to govt not public) not the public. Understand the political climate- govt"s hate regulations therefore the prvt water research. Yes what occurred was unethical, but it wasn"t illegal . the loss of lives could have been prevented if someone only warned them about the contaminated water. Substance control (fda), setting a speed limit, to manage risk and. Individual- did they do enough due diligence- noncompliance- compliance officer has the knowledge of the law, but extensive knowledge of all the law , i. e. meat compliance officer because a lawyer is too expensive. Contract right- sue you- call upon the govt for help with the case. Freedom of expression- protects me from the govt powers.
