Curriculum Guideline

Introductory Business Law

Effective Date:
Course
Discontinued
No
Course Code
BUSN 1320
Descriptive
Introductory Business Law
Department
Business
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201920
PLAR
No
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Contact Hours
Lecture: 3 Hours Seminar: 1 Hour Total: 4 Hours
Method Of Instruction
Lecture
Seminar
Methods Of Instruction

Lectures, videos, analysis of legal issues, discussion of legal cases, case assignments, and group activities

Course Description
The course will conduct a general review of the meaning, sources and administration of business law and, in particular, will provide in-depth coverage of three areas of business law frequently encountered in the business setting; the law of contracts, the law of torts, and the law of real property. The course will also address various legal relationships in the private law setting, legislation regulating business, and recent and relevant changes in Canadian law that may potentially affect the business climate.
Course Content

1. Introduction to the field of law and the administration of justice

2. Sources of Canadian and British Columbia law
                a. distinction between private and public law
                b. Acts of the Canadian Parliament and the provincial legislatures (emphasis on British Columbia)
                c. Canadian Constitution and the Charter of Rights and Freedoms
                d. subordinate legislation including by-laws and government regulations
                e. the court process, case law, and judicial precedent

3. Law of Torts
                a. general principles including liability insurance, vicarious liability and alternative compensation schemes
                b. intentional torts including assault, battery, false imprisonment, trespass, and invasion of privacy
                c. business torts including nuisance, occupier's liability, defamation, injurious falsehood, deceit, unlawful interference with economic relations, and conspiracy
                d. the tort of negligence including duty of care, breach of standard of care, causation of harm, and the         available defences

4. Law of Contracts
                a. nature of a contract
                b. elements of a contract
                                i. mutual agreement (offer, acceptance, and invitation to treat)
                                ii. capacity of the parties
                                iii. legal consideration and its exceptions
                                iv. the concept of privity of contract and its exceptions including assignment
                c. terms of a contract
                                i. express terms and implied terms
                                ii. conditions and warranties
                d. grounds of impeachment
                                i. misrepresentation
                                ii. incapacity
                                iii. illegality
                                iv. mistake
                                v. duress, undue influence, and unconscionable transactions
                e. discharge and breach of contract
                                i. discharge by performance
                                ii. discharge by agreement
                                iii. discharge by frustration
                                iv. discharge by breach
                f. contractual remedies
                                i. damages
                                ii. specific performance
                                iii. injunctions
5. Law of Real Property
                a. possessory interests in land – fee simple, life estate, leasehold
                b. ownership of land – joint tenancy, tenancy-in-common, strata ownership
                c. non-possessory interests in land – easements and restrictive covenants
                d. leases
                e. land registration systems
                f. sale agreements – real property
                g. mortgages – rights and remedies 

Learning Outcomes

The student will be able to:

  1. describe the structure of the Canadian legal system
  2. know the basic principles of common law and statute law that apply to most business situations. Although the course is not designed to make the student a lawyer, it will provide the student with sufficient background and sophistication to understand circumstances that require a lawyer
  3. recognize the main aspects of the Canadian judicial system including the sources of law, the levels and roles of courts in the judicial system, and the basic elements of the court process
  4. set out the difference between common law, statute law, administrative law, and criminal law
  5. explain the methods by which legal precedents are established and applied
  6. know in detail the law of contracts, its principles and application to various business situations
  7. describe the basic principles of tort law and identify many of the important common law torts, especially torts that arise in the business context
  8. summarize the different interests and legal mechanisms relating to real property
  9. relate legal principles to economic, political and social situations that may arise in the business world. 

 

 

 

 

 

 

 

 

Means of Assessment
Term examinations (2) 30 - 40%
Mid-semester examination 20 - 25%
Final examination 25 - 35%
Class participation and/or assignments and/or quizzes   5 - 10%

 

Textbook Materials

McInnes, Kerr, VanDuzer and Carmody, Managing the Law: The Legal Aspects of Doing Business

Latest Edition, (Toronto: Pearson Education Canada).

(or such other textbook as agreed upon by the Business Law Instructors)

Additional cases and readings decided by the Instructor.

Prerequisites

None

Corequisites

Nil

Equivalencies

Nil

Which Prerequisite

BUSN 3720 Business Law for Accountants

BUSN 3730 Law for Finance Professionals