Lecture 1 Info Flashcards
(7 cards)
What caused the FIU collapse?
Design flaws and poor oversight caused the collapse.
Raises civil, criminal, and admin law issues.
What is the difference between civil and criminal law?
Civil law involves private disputes and compensation, while criminal law involves the state prosecuting for punishment.
What are the proof standards in civil and criminal law?
Civil law requires proof on the balance of probabilities, while criminal law requires proof beyond reasonable doubt.
What are the legal outcomes in civil and criminal cases?
Civil outcomes include damages or injunctions, while criminal outcomes can include fines, prison, or community service.
What are the legal risks in business?
Legal risks include liability, financial loss, reputational harm, and project failure.
What types of courts handle civil cases?
Civil cases are handled by County Court, High Court, Tribunals, and through ADR.
What types of courts handle criminal cases?
Criminal cases are handled by Magistrates’ Court and Crown Court.