Course

Business Law II

Important Notice

This course is not active. Please contact Department Chair for more information.

Faculty
Commerce & Business Administration
Department
Business
Course Code
BUSN 2420
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method(s) Of Instruction
Lecture
Seminar
Typically Offered
To be determined

Overview

Course Description
The course will build upon the business law foundation provided in the pre-requisite course, BUSN 1320 (Business Law). The course will provide students with a fluency in a wide range of legal topics needed in the modern business world. The areas of law that will be covered in this course include business organizations (sole proprietorships, partnerships, corporations), agency, corporate governance, secured transactions, employment and labour law, bankruptcy and insolvency, sale of goods, personal property, intellectual property, bailment, guarantees, insurance, negotiable instruments, and trusts. NOTE THAT STUDENTS WHO HAVE TAKEN BUSN 3720 (BUSINESS LAW FOR ACCOUNTANTS) OR BUSN 3730 (LAW FOR FINANCE PROFESSIONALS) CANNOT TAKE BUSN 2420 FOR FURTHER CREDIT.
Course Content

1.  Business Organizations

  1. structure of business organizations – sole proprietorship, partnership, limited partnership, corporation
  2. features of the various types of business organizations including advantages and disadvantages of each

2.  Law of Agency

  1. creation of the agency relationship
  2. authority of the agent
  3. duties of the agent and the principal
  4. liability of the agent and the principal
  5. termination of the agency relationship
  6. general nature of a franchise relationship including its advantages and disadvantages

3.  Corporate Governance

  1. the role of officers, directors, and shareholders in the corporation
  2. the fiduciary duty and duty of care required by management
  3. situations of conflict of interest between directors/officers and the corporation
    • competition with the corporation
    • taking a corporate opportunity
    • transactions with the corporation
  4. shareholders’ rights and remedies
  5. liability of directors and officers   

4.  Secured Transactions

  1. nature of a security interest
  2. creation of a security interest
  3. registration of a security interest and the British Columbia Personal Property Security Act
  4. determination of priority of a security interest
  5. enforcement of a security interest

5.  Employment Law

  1. employer’s obligations under the British Columbia Employment Standards Act
  2. human rights under the British Columbia Human Rights Code
  3. issues relating to the termination of employment
    • just cause dismissal
    • wrongful dismissal
    • bad faith dismissal
    • constructive dismissal
    • severance packages and settlement packages

6.  Labour Law

  1. union certification and decertification under the British Columbia Labour Relations Code
  2. the collective bargaining process
  3. key provisions of collective agreements - grievance arbitration and union security
  4. grievance arbitration and the Labour Relations Board
  5. industrial conflict and the Labour Relations Board – strikes, picketing and lockouts

7.  Bankruptcy Law

  1. the role of bankruptcy and insolvency in business
  2. the bankruptcy process under the federal Bankruptcy and Insolvency Act
  3. filing for bankruptcy
    • bankruptcy by assignment
    • bankruptcy by petition
  4. creditor rights in a bankruptcy proceeding
  5. proposals in bankruptcy

 8. Contracts for the Sale of Goods

  1. key provisions of the British Columbia Sale of Goods Act
  • contracts of sale of goods
  • risk and passing of property

  • the implied conditions and warranties of the consumer protection provisions

  • special remedies under the Sale of Goods Act
  • 9.  Law of  Personal Property

    1. acquisition and loss of rights
    2. bailment and licences
    3. property insurance
    4. business insurance

    10.  Law of Intellectual Property

    1. copyright
    2. trademarks
    3. patents

    11.   Negotiable Instruments

    1. cheques
    2. bills of exchange
    3. promissory notes

    12.  Law of Trusts

    1. general nature of a trust
    2. relationship of trustee and beneficiary

     

    Learning Activities

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

    Means of Assessment
    Term examination 30%-40%
    Mid-semester examination 20%-25%
    Final examination 25%-35%
    Class participation and/or assignments      
    and/or quizzes
      5%-10%
           100%
    Learning Outcomes

    At the end of the course, the successful student should be able to:

    1. distinguish between the main forms of business organizations;
    2. identify the important legal aspects pertaining to corporate governance including the powers, duties and liabilities of officers and directors and the rights and remedies of shareholders;
    3. describe the use of security interests to finance personal property and set out the rights available to creditors to enforce their rights;
    4. recognize the main requirements for a bankruptcy claim and outline the key aspects of a bankruptcy proceeding;
    5. summarize the different interests and legal mechanisms relating to personal property, bailment, licensing, and intellectual property;
    6. recount the key elements of sale of goods legislation including passing of property and consumer protection;
    7. recognize the main legal elements of the employment relationship and know the general principles of labour relations;
    8. identify the main legal principles relating to negotiable instruments, guarantees, insurance, and trusts;
    9. apply the legal principles that are contained in this course to real world situations and cases;
    10. state the more significant provincial and federal statutes pertaining to the foregoing areas of law.
    Textbook Materials

    Textbooks and Materials to be Purchased by Students

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

     Latest Edition, (Toronto: Pearson Education Canada).  also used in BUSN 1320

     (or such other textbook as approved by the Business Department)

    Requisites

    Prerequisites

    BUSN 1320 (Business Law) with a letter grade of ‘C’ or higher

    Corequisites

    No corequisite courses.

    Equivalencies

    No equivalent courses.

    Course Guidelines

    Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

    Course Transfers

    These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

    Institution Transfer Details for BUSN 2420
    There are no applicable transfer credits for this course.

    Course Offerings

    Fall 2022