Definition: collection of rules conferring rights of
ownership, possession and transferability over things
Public property owned by government
Private property owned by individuals, businesses,
or workplace law regulates the
employer and the employee who works for
It affects all stages of the relationships, from
the time businesses recruit employees unt
An agent is a person who can affect the
legal relations of another person called the
The extent to which an agent can affect
the legal relations of the principal depends
on the authority (or power) the agent has.
Insolvency and Bankruptcy
Bankruptcy and insolvency are easily confused,
because they are most often related.
At law insolvency is the inability to pay debts
as they fall due. It is a financial condition that
precedes bankruptcy. (only 1 of 10
Sale of Goods Act &
Consumer Protection Act
Sale Of Goods Act
Much of modern business centres on
buying and selling goods
All provinces and territories have
legislation which holds the seller of goods
responsible for minimum guarantees
Business Law Contracts
-voluntary exchange of
-(Presumption) parties are
Business relationships depend on
Contracts are the foundation on
which business is conducted.
What is a contract?
Can a contract be formed
Negligence & Professional
Inadvertent, careless conduct that causes
injury to another
Important area of tort liability for business
people and professionals
The purpose of lawsuits based on alleged
negligence is to deter careless cond
Introduction to Torts
What Is a Tort?
Courts, Litigation & ADR
A Canadian Perspective
Canadas Legal System
Canadas legal system derives from
various European systems brought to this
continent in the 17th and 18th centuries by
explorers and colonists. Although the
indigenous peoples whom the
What is Law?
What is Law?
Law gives society order.
Law is the body of rules that can be
enforced by the courts or by other
By studying Business Law you learn the
legal rules that govern business.
Law in Business