Cml2117
CML2117
Final Exam
-constitutional law and on (not before midterm)
-40%
-What is law (may be on final 1-2 marks) how your opinion has changed and developed (criminal, corporate, barrack etc)
-18-25 questions
-will have some t/f (corporate law) legal entity, contract before corp etc, administrative law (natural law)
-short and long question similar to midterm -like prof. fuller, give fact/senario and be able to use content
-ex. Search and seizure can a cop search a car yes/no why? When they can search etc
-Administrative law, criminal law (basic) ex. Know your rights in everyday life (ex. When being arrested etc)
-case study (2/3) -simple/basic
-study what we learned in class
-hart/fuller/barrack (discussion) may find extra info in text/class notes -probably will use a question from discussion
-content of democracy
-what is rule of law (may be specific or simple)
-know some of constitutional law
CML 2117 November 20, 2013
Corporate Law
Forms of ownership
1. Sole proprietorship: provincial form of ownership, since you have to register your business name every 5 years this gets them money
Why is this the most popular form of ownership?
Economic purposes
Everyone has assets, so for example the prof owns his home and several cars
And then you have liability
So if you have a mortgage on your house for example, on the one side you have your house as an asset and then you have the liability side which is the payments you are making to the bank
Capital
Asset plus liability
This represents what you actual have because you are taking all your assets and then would take away what you owe to the bank
If you just look at the assets it would seem like someone owns a lot of things but sometimes the liability is higher than the asset and then you are in the minus
When you open up a business, you need money
If you are opening a restaurant, you need to have capital in order for the bank to give you a loan, especially with
Final Exam
-constitutional law and on (not before midterm)
-40%
-What is law (may be on final 1-2 marks) how your opinion has changed and developed (criminal, corporate, barrack etc)
-18-25 questions
-will have some t/f (corporate law) legal entity, contract before corp etc, administrative law (natural law)
-short and long question similar to midterm -like prof. fuller, give fact/senario and be able to use content
-ex. Search and seizure can a cop search a car yes/no why? When they can search etc
-Administrative law, criminal law (basic) ex. Know your rights in everyday life (ex. When being arrested etc)
-case study (2/3) -simple/basic
-study what we learned in class
-hart/fuller/barrack (discussion) may find extra info in text/class notes -probably will use a question from discussion
-content of democracy
-what is rule of law (may be specific or simple)
-know some of constitutional law
CML 2117 November 20, 2013
Corporate Law
Forms of ownership
1. Sole proprietorship: provincial form of ownership, since you have to register your business name every 5 years this gets them money
Why is this the most popular form of ownership?
Economic purposes
Everyone has assets, so for example the prof owns his home and several cars
And then you have liability
So if you have a mortgage on your house for example, on the one side you have your house as an asset and then you have the liability side which is the payments you are making to the bank
Capital
Asset plus liability
This represents what you actual have because you are taking all your assets and then would take away what you owe to the bank
If you just look at the assets it would seem like someone owns a lot of things but sometimes the liability is higher than the asset and then you are in the minus
When you open up a business, you need money
If you are opening a restaurant, you need to have capital in order for the bank to give you a loan, especially with