MCS 3040 Chapter Notes - Chapter 1: Corporate Law, Personal Information Protection And Electronic Documents Act, Debt Management Plan

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Document Summary

Chapter 1: knowledge of law as a business asset. Law impacts every aspect of society, including the business environment. Knowledge of the law helps entrepreneurs maximize protection and avoid pitfalls. Business law: a set of established rules governing commercial relationships, including the enforcement of rights, defines general rules of commerce. Provides mechanisms that permit business people to manage their participation in business activities, and exposure to risk in ventures. Protecting people and their property: most familiar purpose of the law is to provide protection. Those who violate the criminal code of canada su(cid:272)h as (cid:271)(cid:396)eaki(cid:374)g i(cid:374)to a(cid:374)othe(cid:396) pe(cid:396)so(cid:374)"s house, assaulting someone, or committing a commercial fraud are subject to criminal sanctions such as fines or imprisonment. Personal information protection and electronic documents act (pipeda: busi(cid:374)ess" a(cid:396)e (cid:396)e(cid:395)ui(cid:396)ed to ade(cid:395)uately p(cid:396)ote(cid:272)t thei(cid:396) (cid:272)usto(cid:373)e(cid:396)s" pe(cid:396)so(cid:374)al i(cid:374)fo(cid:396)(cid:373)atio(cid:374) o(cid:396) (cid:271)e subject to fines of up to ,000.

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