BUS-1201 Chapter Notes - Chapter Appendix C: Tax Court Of Canada, Concurrent Jurisdiction, Private Law
29 Apr 2020
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Document Summary
Affects everyone who lives and does business in canada. The purpose of the law is to keep the system stable while allowing for orderly change. The law defines which actions are allowed or banned and regulates some practices. The legal system both shapes and is shaped by political, economic, and social systems. All three levels of government - federal, provincial/territorial, and municipal - regulate various business activities as set out in the laws of canada and its provinces and territories. Laws are rules of conduct created and enforced by a controlling authority (usually the government) Developed over time in response to the changing needs of people, property, and business. In each generation, new social problems occur, and new laws are created to solve them. Eg. , the competition act was enacted to protect consumers in areas such as misleading advertising and abusive marketing practices. Other purposes of the competition act include: To promote the efficiency and adaptability of the canadian economy.
