Management and Organizational Studies 2275A/B Chapter Notes - Chapter 1: Personal Information Protection And Electronic Documents Act, Corporate Law, Business Ethics

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

Document Summary

Chapter 1 knowledge of law as a business asset. Business law set of established rules governing commercial relationships, including enforcement of rights. Law set of rules and principles intended to guide conduct in society, primarily by. Those who violate criminal code of canada are subject to criminal sanctions (ex. fines) Pipeda legislation passed by federal government to regulate how private business sector collects, uses and discards personal information acquired from its customers. Law protects members of society in 2 ways: Sets out rules with penalties to encourage compliance. Make those who break the law accountable for their misconduct. Breach of contract failure to comply with a contractual promise. Defamation public utterance of a false statement of fact/opinion that harms another"s reputation. Mortgage security/collateral borrower gives lender when borrowing money to buy home. Age of majority age at which a person becomes an adult for legal purposes (18-19 in canada)