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Lecture Fundamentals of business law (6/e): Chapter 1 - Margaret Barron

Chapter 1 - Introduction to the legal system. In this chapter you should understand: What laws are and why society needs laws, the historical development of law in England, the way that law was received into Australia, the federal nature of Australia’s legal system,. | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Introduction to the Legal System Chapter 1 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e What is the Law? There are many definitions of the term ‘law’. One definition is: The law is a set of legal rules that govern the way members of a society act towards one another. 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Why do we Need Law? Laws are required in society: to regulate the behaviour of the individual to correspond with what is acceptable to the majority of individuals. 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Components of the Legal System Institutions Laws People Parliament Statute law Members of Parliament Courts Common law Judges and magistrates Government departments Equity Barristers and solicitors Correctional institutions Delegated legislation Court officials Police officers Correctional service officers 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e The Rule of Law Our legal system is based on the ‘rule of law’—which requires the law to conform to minimum standards of fairness and to ensure that all persons are treated equally before the law. 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Branches of Law Private law allows individuals to take action against others (i.e. to sue one another). Public law allows society (via the Public Prosecutor) to take action against others. 1- Copyright © 2000 | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Introduction to the Legal System Chapter 1 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e What is the Law? There are many definitions of the term ‘law’. One definition is: The law is a set of legal rules that govern the way members of a society act towards one another. 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Why do we Need Law? Laws are required in society: to regulate the behaviour of the individual to correspond with what is acceptable to the majority of individuals. 1- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of .