LAW 122 Lecture Notes - Lecture 4: Anger Management, Foodborne Illness, Implied Consent
22 Dec 2015
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Why study law: to access risk management, various factors affect success and failure in business (decision- making ex. Example: if an ex employee asks you to reference her but you believe she stole money from your business. You believe your arguments in your favour are strong enough to discourage your former employee from suing: respond (manage risk) Write a letter that does not mentions your suspictions. Write a letter that accuses her of theft. Risk avoidance: risk that should be avoided altogether. Automobile that regularly explodes upon impact. Financial costs of being liable outweigh sales profits. Risk reduction: - if company can not reply ,000 loan the bank can take over the property. Insurance: one party agrees in exchange for a price to p. Nature of law (where does the law come from) Law: formally sanctioned, rule that can be enforced by the courts. A set of principles and rules that courts will enforce.
