1 - What is law- student version ACC330

1 - What is law- student version ACC330 - What is Law? What...

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What is Law?
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What is Law? - Law gives society order. - Law is the body of rules that can be enforced by the courts or by other government agencies. - By studying Business Law you learn the legal rules that govern business.
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Law in Business Law is involved in all aspects of business. The law protects persons and their property; facilitates commercial transactions, particularly through contract law; and Provides mechanisms for dispute resolution.
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Becoming A Sophisticated Client Confident, knowledgeable, up-to-date Understand the role of lawyer and client Understands the costs How to deal with dissatisfaction with lawyer
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Role of Lawyer Provides relevant legal advice Client is decision maker Lawyer bound to follow client’s instructions
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When to Hire a Lawyer New business, buying existing business Compliance issues Physical location Financial issues Contracts Intellectual property
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When to Represent Yourself Obtaining legal information On-line sources Understanding the information Type of issue at stake
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How to Find a Good Lawyer Yellow pages Referrals Provincial Law Society/Canadian Bar Association Legal referral services
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Billing Fixed fee Hourly rate Contingency fee Disbursements Retainer
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Ethics of Lawyers Every provincial law society has rules of professional conduct Will prompt complaint and investigation if not followed Ethical behaviour implies integrity, honesty and professionalism Failure to observe ethical behaviour may result in disbarment
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Substantive and Procedural Law Individual laws may be categorized according to their general purpose. Laws whose object is to define rights and obligations are called substantive law While those whose object is to govern how society enforces those rights and obligations are called procedural law. For example, murder is a criminal offence (substantive law) while the rules to be followed in prosecuting an offender of that law are referred to as procedural law .
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Domestic and International Law The validity or enforceability of laws may be determined by territorial jurisdiction; that is, most laws can be enforced only within the jurisdiction of a particular sovereign nation . These laws are called domestic law . The Criminal Code, for example, forms part of the domestic law of Canada. Other laws, known as international laws , have validity within a number of countries according to an agreement made by sovereign member nations.
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Breaking the law down Law can be broken down into public and private (civil not civil code ) law.
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Public and Private Law Public law governs the relations between governments or between the government and individuals . Constitutional law is an example of public law. Private law
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This note was uploaded on 02/01/2012 for the course ACF acc330 taught by Professor Hardy during the Spring '11 term at Seneca.

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1 - What is law- student version ACC330 - What is Law? What...

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