Management and Organizational Studies 2275A/B Chapter Notes - Chapter 16: Regulatory Offence, Law Of Agency, Corporate Law

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A corporation is a legal person in the eyes of the law. The law has developed rules regarding how a corporation can be said to have committed a tort, committed a crime or regulatory offence, or entered a contract. Someone who participates in setting up a corporation: pre-incorporation contracts can be problematic if they do not indicate clearly who is intended to be liable and if the corporation fails to come into existence. Criminal and regulatory liability: criminal liability. The amendments expand the range of individuals whose actions can trigger liability of the corporation. The definition focuses on the function of the individual, rather than any particular title. The amendments also address both crimes requiring proof of knowledge or intent and crimes requiring proof of negligence: regulatory offences. Statutory enactments related to taxation, human rights, pay equity, employment standards, consumer protection, unfair or anticompetitive business practices, occupational health and safety, and environmental protection. An offence contrary to the public interest.

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