RSM225H1 Chapter 1: Law, Society & Business
Document Summary
Influences and controls the behavior of individuals in society. Empowers, influences and controls the actions of government. Rule of law: established legal principles that treat all persons equally and that government itself obeys. Private law (civil law): law that regulates the relations between private persons and groups of private persons. How is law linked to morals and ethics: laws, morals and ethics are interrelated, laws must be just so that most of society views them as fair and voluntarily complies. Naturally evolve from basic moral principles: moral and ethical values of society as a whole shape the development and. E. g. integrity, trust, honor direction of the law. Rsm225: there are times when an individual is justified in breaking the law, but generally speaking, the law should be obeyed >> chaotic consequences if people fail to obey them, law and justice may not always coincide.
