Course Outline - Business Administration Program: Year 1
BUSL 261 Business Law
Brief Course Description
This course presents legal topics relevant to business, includingways to manage common legal risks. An introduction to theCanadian legal system presents sources of law, the court system,the litigation process, and alternatives to litigation. Tort lawincludes a study of intentional torts, business torts, negligence, andprofessional liability. Insurance law covers basic concepts of theinsurance industry, and how to manage common risks in business.Basic forms of business organizations are delineated, with a focuson the rights and responsibilities of individuals involved insole proprietorships, partnerships, and corporations. Contract lawdetails how contracts are created, elements of a binding contract,common contractual issues and defects, how contracts aredischarged, and contractual remedies. An overviewof the Sale of Goods Act will complete the study of contracts.Employment law describes the employer/employee relationship, therights and duties of the parties involved, and common issues thatmay arise in the employment relationship.
Intellectual property law discusses how businesses can generatevalue from ideas and the laws that seek to balance competingbusiness interests. Secured transactions looks at risk assessmentand legal obligations of creditors when securing debt and practicesthat have been developed in the marketplace to managethat risk through security interests and guarantees.
Required course materials*
Mcinnes, Mitchell, Ian R. Kerr, and J.A. VanDuzer. Managing the Law: The Legal Aspects of Doing Business. (5th ed.) Toronto: Pearson Canada, 2018.