Chapter 1 Flashcards
Legal risk management plan?
A plan that allows businesses to take action and prevent and or reduce loss. This is by by 1. Identify the legal risks 2. Evaluate the legal risks 3. Manage the legal risk by devising and implementing a legal risk strategy. 4.review and revise the strategy
What are the 4 main ways to manage legal risk?
- Risk avoidance 2. Risk transfer (such as contracting work to others, which transfer liability and risk) 3. Risk reduction 4. Risk retention ( take the risk if it is better to instead of transferring it or avoiding it)
What distinguishes law from other rules?
Enforcement via the authority of the state; courts and government agencies have the power go enforce the law
What two legal systems are incorporated in the Canadian constitution?
English common law, and European Civil law. With influence from indigenous law systems as well.
What is the rule of law?
The legal principle that everyone and everything has equal rights and are not above the law itself
What is jurisdiction?
The authority to enforce or make the law in one’s respective area of governce
What is the constitution?
The Supreme law that establishes the basis in which all other laws are created. It also establishes the extent and limits of government authority, as well as the framework in which all laws must conform too.
What is the civil law system? (Aka private law)
The system of law where all rules are made in statue, and courts lack authority to act without a statute; judges act independently and can interpret statutes without the worry of precedent.
What is common law?
The system of law that recognizes court decisions with the same force of law as Statutes. Basically, Statutes are what the courts interpret them to mean, and the courts have the authority to make law where no Statutes exist, this creating precedent.
What is Stare Decisis? (Aka the doctrine of precedent)
The principle that requires judges to follow decisions of higher courts in similar cases
Where is law found ?
Within the constitution, statues, regulations, by-laws, and in common law.
What are the two main documents within the constitution?
The constitution act 1867, and the constitution act 1982. The 1982 act contains the charter of rights and freedoms
Within in thr constitution, what documents are found ?
Statutes, judicial decisions that interpret these doucments, and unwritten rules called constitutional conventions
What is the federal system of government ?
The system whereby law making powers are divided between the federal and provincal governments according to subject matter
What three branches of government does the constitution establish?
The legislative, executive, and judicial branches. Of which, these branches work at both federal and provincal levels
What is the legislative branch of government?
They introduce, vote on, and pass legislation (statutes) and are made up of Parliament (federally elected by the country) or legislative assemblies (provincally elected by the province) Statues are their source of law
What is the executive branch?
They administer the day to day business of government. Federally, this branch is made up of the PM, cabinet, and each departments civil servants. Provincally, it is made up of the premier, cabinet, and department civil servants. Source of law is regulations