What you’ll learn to do: distinguish the differences between types of law including civil, criminal, statutory, common, tort, and intellectual property law

Now that you have an understanding of what we mean by “law” and “the legal system,” you will learn about three specific areas of the law that affect businesses, their customers, and the environment within which they operate. What actions are permissible and prohibited, as well as the obligations, rights, and remedies available under the law, are determined by the type of law that is applicable to the situation. The three most common areas of the law (statutory, common, and tort law) are the focus of this section.

LEARNING ACTIVITIES

The learning activities for this section include the following:

• Reading: Types of Law: Criminal, Civil, Tort, Statutory, Common, and Intellectual Property
• Reading: Intellectual Property
• Video: What Is Intellectual Property and Why Do I Care?
• Self Check: Statutory, Common, and Tort Law

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.