Course ID: BUSL261
Name: BUSINESS LAW
This course presents legal topics relevant to business, including ways to manage common legal risks. An introduction to the Canadian legal system presents sources of law, the court system, the litigation process, and alternatives to litigation.
Tort law includes a study of intentional torts, business torts, negligence, and professional liability. Insurance law covers basic concepts of the insurance industry, and how to manage common risks in business. Basic forms of business organizations are delineated, with a focus on the rights and responsibilities of individuals involved in sole proprietorships, partnerships, and corporations.
Contract law details how contracts are created, elements of a binding contract, common contractual issues and defects, how contracts are discharged, and contractual remedies. An overview of the Sale of Goods Act will complete the study of contracts. Employment law describes the employer/employee relationship, the rights and duties of the parties involved, and common issues that may arise in the employment relationship. Intellectual property law discusses how businesses can generate value from ideas and the laws that seek to balance competing business interests.
Secured transactions look at risk assessment and legal obligations of creditors when securing debt and practices that have been developed in the marketplace to manage that risk through security interests and guarantees.
PREREQUISITES: ELA 30-1, ELA 30-2, or English 33, or COMM 121