LAW 122 Chapter Notes - Chapter 1: Public Law, Private Law, Independent Contractor
1 Aug 2020
School
Department
Course
Professor
Document Summary
As consumers, need to be aware of the rules that govern commercial transactions. Also, working in different sectors means there are different laws that apply to employees. Businesses choices affect the legal consequences: some may be profitable, others disastrous. Risk management process of identifying, evaluating, responding to the possibility of harmful events. Need to identify, evaluate and respond to legal risks involved. Insurance: one party, called insured, promises to pay a price, premium. Law rule that can be enforced by the courts. E. g. if break moral obligation to rescue a canoeist, will be punished by public opinion, but didn"t actually break the law. Common law systems trace their history to england: canada was former british colony, so under this. Public law concerned with governments and the ways in which they deal with their citizens. Private law concerned with rules that apply to private matters: can also apply to government, possible for private person to sue public body.
