Management and Organizational Studies 2275A/B Lecture Notes - Lecture 2: Legal Realism, North American Free Trade Agreement, Tobacco Advertising

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

Document Summary

Legal risk management (chapter 3, readings not assigned however: risk avoidance, risk reduction, risk shifting (talking about buying insurance, not our risk anymore, now it is, risk acceptance someone else"s risk(cid:524) A set of rules, established by the government, and enforced by the government. Legal positivists- enforcement is all that matters (if i can enforce it it is the law) Natural law- (very religious people), the natural way of things, ex. Passing a law saying things go up, not the law if they don"t accord with nature. Utilitarian"s- law must provide social utility or benefit, it is a law if it is good for society . Dr. morgentaler, spent many years in jail for performing abortions when it was illegal, he was completely honest, he said he would perform more abortions if he. A piece of paper says it is, but no one seems to care, what significance is there if there is no consequences.