tailieunhanh - Lecture Business: A changing world - Chapter 2: The legal and regulatory environment

After reading this chapter, you will be able to: Identify the sources of law; summarize the court system and the methods of conflict resolution; gain an appreciation of the framework for regulating business through administrative agencies;. | Chapter Two The Legal and Regulatory Environment 2-1 Business Law The rules and regulations that govern the conduct of business including federal, state and local laws. Sources of Law Constitutional law Law based on the Canadian Constitution Common law The law judges establish while deciding disputes. Statutory law Laws enacted by a federal or provincial legislature. Administrative law Regulations passed by provincial and federal tribunals 2-2 The Court System 2-3 Violations of federal laws Constitutional law Disputes between citizens of different countries copyright, patent, and trademark infringement Bankruptcy Tax law Disputes between the federal and provincial governments Federal Courts handle cases involving Violations of provincial laws Probate--the processing of wills Family law Small claims (up to $10 000) Civil law Criminal law Young Offenders law Provincial Courts handle cases involving Dispute Resolution Lawsuits Mediation Arbitration 2-4 Criminal Health Care Fraud Cases in | Chapter Two The Legal and Regulatory Environment 2-1 Business Law The rules and regulations that govern the conduct of business including federal, state and local laws. Sources of Law Constitutional law Law based on the Canadian Constitution Common law The law judges establish while deciding disputes. Statutory law Laws enacted by a federal or provincial legislature. Administrative law Regulations passed by provincial and federal tribunals 2-2 The Court System 2-3 Violations of federal laws Constitutional law Disputes between citizens of different countries copyright, patent, and trademark infringement Bankruptcy Tax law Disputes between the federal and provincial governments Federal Courts handle cases involving Violations of provincial laws Probate--the processing of wills Family law Small claims (up to $10 000) Civil law Criminal law Young Offenders law Provincial Courts handle cases involving Dispute Resolution Lawsuits Mediation Arbitration 2-4 Criminal Health Care Fraud Cases in Selected . States 1993-97 2-5 Source: “Prosecuting health care fraud,” USA Today, February 23, 1999, p. 5B. The Elements of a Contract 2-6 Intention Consideration Voluntary Agreement Types of Property Real real estate and everything permanently attached to it Personal everything else Intellectual property generated by a person’s creative activities (., musical works, art work, computer software) 2-7 Patents Granted to Computer Companies 2-8 Source: money/ Most . patents granted in 1998 2,682 1,632 1,934 IBM (USA) NEC (Japan) Canon (Japan) GRANTED Source: IFI/Plenum Data Three Bankruptcy Proceedings Voluntary Assignment Bankrupt person initiates proceedings Proposal to Creditors Debtor makes a proposal to the creditors through a Licensed Trustee to work out a payment plan Creditor Petitions 1. If debts > $1 000 or Court for Receiving 2. If Act of bankruptcy Order < 6. Months 2-9 Laws Regulating Competition Competition Act Is .