Management Accountants of Ontario

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Business Law Notes

© 2012 Certified Management Accountants of Ontario. All rights reserved.

Business Law Notes

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PART 1: LEGAL FUNDAMENTALS .............................................................................................1 SECTION 1-1: INTRODUCTION TO LAW ......................................................................................... 1 Definition and Purpose of Law......................................................................................................... 1 Business Law versus Business Ethics ........................................................................................... 2 SECTION 1-2: SOURCES OF CANADIAN LAW AND THE LEGAL SYSTEM ............................. 2 Categories of Law.............................................................................................................................. 2 Systems of Law: Civil Law and Common Law .............................................................................. 3 Sources of Law: The Constitution, Legislation, and the Courts ................................................. 4 SECTION 1-3: USING THE COURTS - AN OVERVIEW OF CIVIL PROCEDURE ...................... 9 The Court System.............................................................................................................................. 9 The Litigation Process .................................................................................................................... 11 Alternative Dispute Resolution ...................................................................................................... 15 Administrative Tribunals ................................................................................................................. 16 STUDY QUESTIONS FOR PART 1: LEGAL FUNDAMENTALS .................................................. 17 ANSWERS TO STUDY QUESTIONS FOR PART 1: LEGAL FUNDAMENTALS ...................... 19 PART 2: THE LAW OF TORTS ...................................................................................................20 SECTION 2-1: INTRODUCTION TO TORT LAW ........................................................................... 20 What is a Tort? ................................................................................................................................. 20 Development of Tort Law ............................................................................................................... 22 Main Types of Torts......................................................................................................................... 23 SECTION 2-2: GENERAL PRINCIPLES OF TORT LAW .............................................................. 23 Burden of Proof ................................................................................................................................ 24 Liability .............................................................................................................................................. 24 Defences ........................................................................................................................................... 26 Limits to Damages in Torts ............................................................................................................ 26 Remedies under Tort Law .............................................................................................................. 26 SECTION 2-3: INTENTIONAL TORTS ............................................................................................. 28 SECTION 2-4: TORTS FROM BUSINESS OPERATIONS ........................................................... 30 SECTION 2-5: NEGLIGENCE............................................................................................................ 32 Burden of Proof ................................................................................................................................ 32...
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