Management and Organizational Studies 2275A/B Chapter Notes - Chapter 1: Promissory Note, Personal Information Protection And Electronic Documents Act, Debt Management Plan
15 Jan 2018
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Document Summary
Seeks to ensure that losses are borne by those who are responsible for them. Facilitates planning by ensuring compliance with commitments: business law can affect financing, hiring, production, marketing and sales, it is important for businesses to understand the role of law so they can maximize protection. No knowledge of law can have companies fail to maximize opportunities / lose out. Legal ignorance can make a business or its owner get fined/ forced to pay penalties or close down all together. Law: the set of rules and principles guiding conduct in society, primarily by protecting persons and their property, facilitating personal and commercial interactions, and providing mechanisms for dispute resolution. Personal information protection and electronic documents act (pipeda) Used to regulate how private business sectors collects, uses and discards personal information. Companies must use appropriate security to protect the information, and destroy it when it is no longer needed: law protects members of society by:
