GMGT 3300- Midterm Exam Guide - Comprehensive Notes for the exam ( 104 pages long!)
11 Oct 2017
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Introducing the law: law and life 2. The set of rules made by the state, and enforceable by the prosecution of litigation. Business law: is the set of rules regulating businesses and business activities made by the state and enforceable by prosecution or litigation. Purposes of law resolves disputes maintains social order preserves and enforces community calues protects the disadvantaged stabilises the economy prevents misuse of power. Reasons the law would change political change need to fix problems with the law changing community values pressure from lobby groups changing technology: justice, ethics and power. Justice: can be understood as fairness such as fair compensation or punishment, a fair decision or a fair distribution of resources *the relationship between law and justice may not be necessary but it is desirable. Whilst the law is more than merely politics, the law is shaped by power and politics.
