Goal of Agency
Exception to the privity rule
Allow a third party to have contractual
rights against the Principal
Why is a real estate agent not an
example of a true agency
(a) Because the agent is paid
Risk Management the process of identifying, evaluating and responding to the possibility of
Stephanie has decided to start her own business making specialty cakes. She is concerned
with the potential risks associated wit
BU231 Final Exam Review:
FOR VALERIES CLASSES:
*Work from big topic & get more specific!
15MC (2 marks each) = 30 marks ; 4 SA Questions (issues given) = 30 marks ; TOTAL = 60 marks
Deadline for emails: Thurs. before exam @ 5pm
Possible Issues can be: Bai
Corporate Social Responsibility
We have to depend on the assumption
that most people voluntarily follow the
Example: Class Action Lawsuit against
Uber for $410 million
Regulations are laws that monitor an
activity and contro
Expert in the field
Professional Organization (Law Society of
Role of the code of conduct
Inaccurate Expert Advice and
other unprofessional behaviour:
When is there Liability?
Upper Canada, Charted Accountan
Negligence- the act of carelessness.
Battery- need intent to harm. Ex if you are hit with golf ball on course it is unlikely
that there was intent.
Defamation- an untrue statement that is publicized and like all intentional torts
there needs to be har
What is a Contract?
Voluntary set of rules that parties promise to
If they dont follow them they may be
forced to follow them by the courts
Breach of Contract is the cause of action
that is used to force someone to live u
TORT 2 Slide Shows
Hedley Byrne v. Heller
Asks its banker for credit info on Easi power.
Asks Heller (Easipowers bank about their credit rating)
Asks for an extension of credit from Hedley
Heller and Part
The cause of action involved in this case must be governed under the law of
negligence. It appears the driver of the transport trailer was negligent as the
transport failed to reduce the speed when approaching a construction zone on
Highway 401 near Brock
Fiduciary Duty (Breach of)
Test for imposing a Fiduciary Duty
The fiduciary has undertaken to act in the best interest of beneficiary. Ex
Doctor is fiduciary and patient is fiduciary. Ex. Doctor is giving you advice for
your best interest.
1. Describe what you have learned about the components that make a website, giving
A website is a product of many components working together seamlessly.
Accessibility is important because if customers are not able to access a companys