Basics 4 min read
Internal Affairs
Role of Directors The shareholders of a corporation elect a board of directors to manage the affairs and business of…
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Basics 5 min read
Corporate Law
“The corporation is the most common form of business organization. It is used for all types and sizes of businesses,…
Basics 4 min read
Legal Requirements
As is the case with sole proprietorships, partnerships also require an HST number and business name registration. In addition, as…
Basics 4 min read
Legal Forms Of Business
In Canada, there are three basic ways to carry on business: sole proprietorship, partnership (general, limited, and limited liability), and…
Basics 4 min read
Business Entity Law
This section examines the law related to business entities. It begins with the basic rules of agency relationships and then…
Basics 4 min read
Remedies for Breach of Contract
There are three main types of remedies for breach, as shown in Figure : damages, equitable relief, and quantum meruit.…
Basics 7 min read
Breach Of Contract
Essential and Non-Essential Terms Whether breach of contract leads to discharge depends on whether it is a major or minor…
Basics 4 min read
What is Attitude
Now that we understand why motivation is so important for self-analysis, let’s look at the role our attitude plays…
Basics 5 min read
The Discharge Of Contracts
When a contract is discharged, all obligations under it are brought to an end. Figure 3-24 illustrates the various ways…
Basics 3 min read
Misrepresentation
Misrepresentation occurs when one party induces another party to enter into an agreement by making a material pre-contractual statement of…
Basics 8 min read
Contractual Defects
This section considers how, despite having created a valid contract and adhered to the requirements of writing, the parties may…
Basics 3 min read
Interpreting Contracts
While great care may have been taken to ensure that a valid contract was created, problems may later arise in…
