TAILIEUCHUNG - 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

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