LAW 122 Lecture Notes - Lecture 1: Liability Insurance, Primary And Secondary Legislation, Property Insurance

• School: Ryerson University
• Department: Law and Business
• Course: LAW 122
• Professor: Brian Heasman

Document Summary

Chapter 1 risk management and sources of law. It both shapes and reflects how people interact. And it can even affect a person before birth and after death. It governs the most important issues that arise in between; freedom to choose a lifestyle and the right to marry etc. Law cannot be studied as a single course. Risk management > is the process of identifying, evaluating and responding to the possibility of harmful events. Identification > in any events, you need to be concerned about liability, about actually being held legally responsible. Evaluation > how to specifically identify the risk of being sued for defamation. Response > having identified and evaluated the risks, now it"s time to formulate a response for the issue: an introduction to the legal system. The nature of law - law is a rule that can be enforced by the courts. Civil law systems trace their history to ancient rome.