IEF 305 Commercial Law
Law is an integral component of the business world. Commercial Law is a broad term for various legal services that support businesses profiting from their products and services. This course introduces students to core legal principles, laws, and institutions governing Canada's trade and commerce. Students explore various legal topics that business professionals typically encounter in the country. Through lectures, case studies, in-class discussions, and debates, students learn to identify legal issues and suggest best practices and legal strategies to manage legal risks. Topics include contracts, agency and partnership, mortgages, the sale of goods, debtor-creditor transactions, tort law, business structures and organizations, and negligence.
Learning Outcomes
Explain the structure of the Canadian legal system and describe standard legal processes.
Explain the basic principles of Canadian tort, contract, and property law, and describe the common forms of business organization in Canada.
Analyze factual situations, identify potential legal problems, and avoid issues if possible.
Analyze legal problems and apply problem-solving techniques to identify possible responses and choose from among them.
Identify and evaluate potential legal risks, concerns, opportunities, and liabilities from a business perspective.
Explain in writing how the acquired knowledge and skills help to assert and protect rights and interests.
Propose specific legal strategies and practices to protect and enhance a business and its stakeholders.
Recognize the differences between commercial and non-commercial transactions.
Communicate the findings of their case studies, both orally and in writing, to specialist and non-specialist audiences.
Interpret the results of their case studies using qualitative and quantitative methods of inquiry.