Business Law Canada

1. What is vicarious liability and why is it a conceren for businesspeople?

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Vicarious liability is a concern for companies due to the potential for costly lawsuits. It holds the employer accountable and the torts committed by their employees while performing their work activities.

2. What is a standard of care, and how is it measured?

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3. What are the five (5) elements of negligence?

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4. What is the prupose of the Rules of construction? Provide two of these rules

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5. What is an exclusion clause, and how is it different from a disclaimer clause?

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6. What right do the parties give up when they include an arbitration clause in thier contract?

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7. What are the advantages of a standard form contract?