Read the summary and the most important questions on The Law and Business Administration in Canada | 9780134841298 | James Everil Smyth; A. J. Easson; D. A. Soberman; Shelley A. McGill

• 1 Law, Society, and Business

• 1.1.1 How is Law Defined?

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• What are 3 ways Law protects people, property and society as a whole?

  1. Prohibits bad behaviour
  2. Punishes illegal conduct
  3. Prescribes rules that allow everyday life to go on

• What are the legal principles that treats all persons equally and even the gov't obeys?

  Rule of Law

• What is the law that regulates privater persons and groups of private persons?

  Private law

• The law influences, empowers and controls which 3 things?

  1. The behaviour of people
  2. The actions of government
  3. The interaction between individuals

• 1.1.2 How is Law Linked to Morals and Ethics

• Why must laws be fair?

  So society views them as acceptable and voluntarily complies

• What is an optional standard of behaviour that people ought to follow but is not mandatory?

  Morals and Ethics

• 1.1.4 How Does Law Influence Behaviour?

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• What is the responsibility for the consequence of breaking the law?

  Legal liability

• What is less offensive public law misconduct that is still necessary to keep public order?

  Regulatory or quasi-criminal liability

• What is misconduct that is primarily a private matter?

  Civil liability

• What are 3 forms of liability lawmakers use to influence individual behaviour?

  1. Criminal liability
  2. Regulatory or quasi-criminal liability
  3. Civil liability