Management and Organizational Studies 2275A/B Chapter All: MOS 2275 textbook notes

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Desmond Mc Keon

Document Summary

Knowledge of the law is a business asset (cid:1) (cid:1) (cid:1) (cid:1) relationships, including the enforcement of rights. Business law: a set of established rules governing commercial. Provides mechanisms to permit businesspeople to select their degree of participation and exposure to risk in business ventures. Seeks to ensure that losses are borne by those who are responsible for them. Facilitates planning by ensuring compliance with commitments. Legal ignorance can result in the business/owner being subjected to (cid:1) (cid:1) regulatory and judicial sanctions. Business application of the law fraud on the public. Electrical products must be approved by ul or an approved group. San diego gifts attached fake ul safety labels to table lamps: copyright infringement, fined 150,000 by the judge (cid:1) (cid:1) (cid:1) Law: set of rules and principles guiding conduct in society: protecting people and their property, facilitating personal and commercial interactions, providing mechanisms for dispute resolution.