MGT 3010 Study Guide - Comprehensive Midterm Guide: Family Affairs, Qualified Privilege, Intentional Tort
Document Summary
What does law do: it influences and controls the behaviour of individuals in society, it empowers, influences and controls the actions of actions, it influences and controls interaction between individuals. Rule of la(cid:449): esta(cid:271)lished legal p(cid:396)i(cid:374)(cid:272)iples that t(cid:396)eat all pe(cid:396)so(cid:374)s e(cid:395)ually a(cid:374)d that go(cid:448)"t itself o(cid:271)eys. Pu(cid:271)li(cid:272) la(cid:449): la(cid:449) that (cid:396)egulates the (cid:272)o(cid:374)du(cid:272)t of go(cid:448)"t a(cid:374)d the (cid:396)elatio(cid:374)s (cid:271)et(cid:449)ee(cid:374) go(cid:448)"t a(cid:374)d p(cid:396)i(cid:448)ate persons. Private law: law that regulates the relations between private persons and groups of private persons. Legal liability: responsibility for the consequences of breaking the law. Super-governmental organizations: non-profit associations of govt from around the world working to find common approaches to international issues, such as the wto or the un. Legal risk: business activities, conduct, events or scenarios that could expose a business to any type of legal liability. Legal risk management plan: plan developed by a business that identifies potential legal liability and provides preventative and remedial strategies.
