BU231 Chapter Notes - Chapter 1: Sunset Provision, Law Society, Debt Management Plan
Document Summary
1st- defined: protect persons, property, and society as a whole, illegal action prosecuted. Also, provide simple rules- right hand side drivers. 2nd- law gives government the power to act for the benefit of society- policing, firefighting, education, and health care. 3rd- law regulates individuals" interaction with each other; for example, make legally binding agreements enforceable in the courts. civil law(private law) law provides certainty in determining contractual and property rights. How is law linked to morals and ethics: morals and ethics- people ought to observe even tho not compulsory (integrity, trust and honour). The moral and ethical values of society as a whole shape the development and direction of the law. If unethical to all of society- law created. 3 forms: criminal liability- extremely offensive to society, public law. regulatory or quasi-criminal liability- less offensive, ticketing civil liability- fail to pay rent. The significance of law for the business environment.
