LS283 Lecture Notes - Lecture 1: Consolidated Laws Of New York, Fiduciary, Obiter Dictum
24 Sep 2017
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Class two: sources of law: people who operate in business need to understand where the law comes from, from the perspective of the manager or professional: They will either know the concepts themselves or have legal advisors explaining legal obligations. They may want to be actively monitoring changes to the legal environment and lobbying where relevant either directly through their trade or professional association. Creating law in canada: there are three primary branches of government: Judicial: each plays a role in creating the legal environment for businesses (quite possibly in more than one way), and interact with each other, these branches should not be confused with the three levels of government (federal, Legislative branch: the legislative branch (parliament for the federal branch, legislature for the provincial branch) is responsible for creating legislation (statute, bills, laws, and etcetera, how legislation is passed (enacted): Ideas o(cid:396) p(cid:396)oposals a(cid:396)e put o(cid:374) the go(cid:448)e(cid:396)(cid:374)(cid:373)e(cid:374)t(cid:859)s age(cid:374)da a(cid:374)d tu(cid:396)(cid:374)ed i(cid:374)to a legislati(cid:448)e proposal.
