LAW 534 Study Guide - Comprehensive Final Exam Guide - Risk Management, Canada, Strict Liability
20 Nov 2018
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Introduction reference to walkerton tragedy (a tragedy of drinking water e. coli in drinking water. When there is a lack of regulations in important areas, there can be tragic consequences: historical and philosophical journey, hobbs, industrial revolution, laissez-faire (government letting people do as they wish. If you put speed limit in the act, and people are still getting hurt. You need to put it into regulation (putting it in the act is not the good idea): risk management there are two perspectives, societal - managing risks to society. Restaurants posting calories as a form of risk management to manage excessive consumer calorie intake: business manage risk of non-compliance. Law firm managing risks for a mistake made by junior lawyers: education they may not know so we have to inform them/ regularly remind them. Junior lawyers that followed all the rules carefully may be entitled to bonuses.
