BU111 Lecture Notes - Lecture 3: Black Ice, Credit Card Interest, Travelocity
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BU111 Full Course Notes
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Document Summary
Issue identification and legal risk management are the keys to the course. Identifying the issues and identifying the relevant law that applies to that issue is imperative. Public law is about your relationship with your government. Private law: the law governs the relationship between you and other individuals. Ex: you and your suppliers or you and your customers. The british system of common law is what canadian law is based off of. In a common law system, a case becomes precedent that inferior courts must follow. Every court below the court of appeal is bound to follow their decisions. Canada appoints their judges whereas the u. s. votes their judges into power. Law has to be the legal minimum that all people will follow, but ethics is seen as above this and corresponds to what is morally popular. It is a higher more personalized standard than the law.
