Practice Questions for final exam
1. Marie decided to enter an extreme obstacle race sponsored by Black and Blue Resort.
Participants were required to conquer ten challenging obstacles. The obstacles included
things like scaling ten foot walls, climbing u
Law Midterm #2
Chapter 21 Basic forms of business organizations
Types of business
someones lawn for
Best suited for a small
A sole proprietorship exists
Law Final Exam Notes
Chapter 10 Contractual Defects
Incapacity to contract
(Capacity is the legal power to give consent)
a. The age of majority is the age at which a person is held fully
accountable in law
b. Minors are the people who have not r
Tonia rented a bike from We Explore Everywhere Inc (WEE), a company in Toronto.
Before she could take the bike, she had to sign a four page, standard form contract. The
clerk handed her the contract, and she signed it without reading it. The clerk offered
Law Midterm Notes
Law vs. Morality
o Immoral but not illegal
o Immoral and illegal
o Moral but illegal
4 types of ethical reasoning
Consequences greatest good for the greatest number of people
Rights and duties respect rights and perform duties.
Law 122- Chapter 6- Negligence
Tort of negligence- determines if the defendant can be held liable for carelessly causing injury to
o Ex. manufacturer can make drink that makes customer sick
Requires that the plaintiff p
Law 122- Chapter 4- Intentional Torts
o Invasion of privacy
o False imprisonment
o Trespass to land
o Interference with chattels
Intentional torts- intentional, rather than careless conduct.
Enough if the defendant k
Law 122- Chapter 2
Litigation- system of solving arguments in a court. Discussions focus on issues of risk management.
Lots of issues/disputes not taken care of in courts, but by administrative tribunals.
Litigation= bad way to settle disputes. Very expen
Law 122- Chapter 3 Introduction to torts
Introduction of TORT law
Tort- failure to fulfil private obligation that was imposed by the law.
Torts and Crimes
Tort= breach of private obligation. Obligation of tort law is owed to a person. Example, make
Law 122- Chapter 1- Risk Management and sources of the law
Risk management- process of identifying, responding to the possibility of harmful events. Hoa to avoid
Identification- if accuse ex-employee of theft, they can sue for defa
Law 122- Chapter 5- Miscellaneous Torts Affecting Businesses
Tort law covers every type of private wrong doing that is not a breach of contract (not criminal
This chapter, need proof of defendants intention
General rule, NO tort i
Law 122- Chapter 7- the nature and the creation of contracts
Contract- an agreement that creates rights and obligations that can be enforced in law. You and a
person made an agreement.
Meeting of the minds- shared decision to enter into a legal transactio
Chapter 11: Discharge & Breach
As we learned in chapter 9 & 10, some contracts come to an end when they are voided or rescinded. Most
contracts, however, are brought to an end via discharge.
Discharged: a contract is discharge when the parties are relie
Chapter 8: Consideration and Privity
The main goal of contract law is to enforce bargains. And as business ppl know, a bargain involves more than
an offer and an acceptance; it also involves a mutual exchange of value.
Chapter 12: Contractual Remedies
One or more remedies may be available if a contract is breached. Refer to Figure 12.1 pg 258.
In the vast majority of cases, the remedy for a breach of contract is damages.
Damages: is an award of money that is i
Chapter 9: Representations & Terms
PRE-CONTRACTUAL & CONTRACTUAL STATEMENTS
Not every statement communicated during the negotiation process is a contractual term. A statement
becomes a contractual term only if it is included in the agreement as a legally
Chapter 10- Contractual Defects
Contractual defects= important because they give the other party a defense when there is a lawsuit.
(there are 6 of them)
Incapacity to contract
Capacity- legal power to give consent. People cant enter into a contract unles
Chapter 3 Introduction to Tort
Tort- generally consists of a failure to fulfill a private obligation that was imposed by the law
-Difference between tort and crimeTORT- Private wrong
CRIME- public wrong
Breach of obligation
involves breach of obligation t