ADMS 3960 Study Guide - Final Guide: Alien Tort Statute, Sherritt International, Totalitarianism

• School: York University
• Department: Administrative Studies
• Course: ADMS 3960
• Professor: Brian Zeiler- Kligman

Document Summary

Ch. 3 the political and legal environments facing business. Key concepts: defition of legal system: the mechanism for creating, interpreting, and enforcing the laws in a specified jurisdiction, modern legal systems exhibit elements of constitutional law, criminal law, and civil and commercial laws. Constitutional law: sets the framework for the system of government and defines the authority and procedure of political bodies to establish laws and regulations. Criminal law: safeguards society by specifying what conduct is criminal and prescribing punishment to those who breach these standards. Civil and commercial laws: ensures fairness and efficiency in business transactions: for example, the us & uk have a common law system. Includes institutions and procedures to: ensure law & order o resolve disputes, protect property (including intellectual property, tax economic output, types, common law: is a legal system of jurisprudence based on judicial precedents.