Business Law II

1.  Business Organizations

1. structure of business organizations – sole proprietorship, partnership, limited partnership, corporation
2. features of the various types of business organizations including advantages and disadvantages of each

2.  Law of Agency

1. creation of the agency relationship
2. authority of the agent
3. duties of the agent and the principal
4. liability of the agent and the principal
5. termination of the agency relationship
6. general nature of a franchise relationship including its advantages and disadvantages

3.  Corporate Governance

1. the role of officers, directors, and shareholders in the corporation
2. the fiduciary duty and duty of care required by management
3. situations of conflict of interest between directors/officers and the corporation
   • competition with the corporation
   • taking a corporate opportunity
   • transactions with the corporation
4. shareholders’ rights and remedies
5. liability of directors and officers   

4.  Secured Transactions

1. nature of a security interest
2. creation of a security interest
3. registration of a security interest and the British Columbia Personal Property Security Act
4. determination of priority of a security interest
5. enforcement of a security interest

5.  Employment Law

1. employer’s obligations under the British Columbia Employment Standards Act
2. human rights under the British Columbia Human Rights Code
3. issues relating to the termination of employment
   • just cause dismissal
   • wrongful dismissal
   • bad faith dismissal
   • constructive dismissal
   • severance packages and settlement packages

6.  Labour Law

1. union certification and decertification under the British Columbia Labour Relations Code
2. the collective bargaining process
3. key provisions of collective agreements - grievance arbitration and union security
4. grievance arbitration and the Labour Relations Board
5. industrial conflict and the Labour Relations Board – strikes, picketing and lockouts

7.  Bankruptcy Law

1. the role of bankruptcy and insolvency in business
2. the bankruptcy process under the federal Bankruptcy and Insolvency Act
3. filing for bankruptcy
   • bankruptcy by assignment
   • bankruptcy by petition
4. creditor rights in a bankruptcy proceeding
5. proposals in bankruptcy

8.  Law of Real Property

1. possessory interests in land – fee simple, life estate, leasehold
2. ownership of land – joint tenancy, tenancy-in-common, strata ownership
3. non-possessory interests in land – easements and restrictive covenants
4. leases
5. land registration systems
6. sale agreements – real property
7. mortgages – rights and remedies

9.  Law of  Personal Property

1. acquisition and loss of rights
2. bailment and licences
3. property insurance
4. business insurance

10.  Law of Intellectual Property

1. copyright
2. trademarks
3. patents

11.   Negotiable Instruments

1. cheques
2. bills of exchange
3. promissory notes

12.  Law of Trusts

1. general nature of a trust
2. relationship of trustee and beneficiary