BUSAD 120 Lecture Notes - Lecture 1: Terra Nullius, Retributive Justice, Financial Compensation
Document Summary
In modern business, protecting your image is important. Enforceable by prosecution (person versus the government) or litigation (civil law; you against another individual) Resolves disputes (provides mechanisms to determine the dispute) Maintains social order clear and outlined. Protects the disadvantaged (firstly, through specific laws to protect the disadvantages e. g. business and competitors, anti-discrimination laws because laws are equal to all) Private law (tort, contract, consumer, property, commercial, employment, The need to fix problems with the law (terra nullius?) Changing technology (contract law to deal with online instances) Different aspects of justice, which in turn influence the view of what is fair. Legal choice complies with the law, while ethical choice recognizes what is viewed as. A decision that is legal may not always be ethical (big bonuses) A decision that is ethical may not be legal (food to homeless) Legislation is made by politicians to implement government policies and achieve political objectives.
