Business Accounting Diploma Specialization

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.

Course Prerequisites

None

Learning Objectives*

1. Describe the Canadian legal system and sources of Canadian law.
2. Describe the Canadian court system, the litigation process, and alternatives to litigation.
3. Outline the rights and responsibilities of individuals involved in sole proprietorships, partnerships, and corporations.
4. Describe techniques for avoiding or reducing common legal risks of carrying on a business in Canada.
5. Discuss how to manage the risks associated with intentional torts, business torts, negligence, and professional liability.
6. Describe the role of insurance in managing common legal risks in business.
7. Describe how contracts are created, and what elements are necessary to form binding contracts.
8. Describe contractual defects, how contracts are discharged, and contractual remedies.
9. Describe the impact of the Sale of Goods Act on contracts for the sale of goods.
10. Discuss how intellectual property provides a means of generating value from ideas and the ways that intellectual property is protected and harnessed for commercial value.
11. Demonstrate how security interests are created, the risk management strategies to protect creditors, and the scope and rules for secured transactions.
12. Outline the employer/employee relationship, the rights and duties of employers/employees, and common issues that may arise in an employment relationship.

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.

Course Duration

The Course Duration is 64 Hours

Homework Hours

Course Homework Hours will be 10 hours per week approximately.

Delivery Methods

• Distance education
• Combined delivery (both in-class and distance)

Teaching Methods*

Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand

Method(s) of Student Evaluation*

Completion Requirements*

A Candidate has to attain a minimum score of 50% overall to ensure successful course completion