Management and Organizational Studies 2275A/B Chapter 2: Business Law Chapter 2.docx

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Cristin Keller

Document Summary

Business law chapter 2: introduction to the legal system. The lawyer only gives advice as an agent, he doesn"t make the decisions. The lawyer and the client signs a contract. When looking at a problem: what"s the legal issue, what are the legal rules or principles that apply to this issue, draw a legal conclusion based on this analysis. Difficult to come up with a definition for law. History, theory, legal system in place, social realities. Law is the body of rules that can be enforced by the courts or other government agencies . Substantive law the rules that govern behavior and set limits on conduct (what you can and can"t do) Procedural law- how rights and obligations are enforced. Public law regulates our relationship with government. Private law regulates personal, social and business relationships (everything else not related to government) i. e. public substantive law: tax law, criminal law, municipal law, immigration law, national security law.