Canadian Business Setting

Q1. Briefly define the term "risk management." Why is risk management important in the business world and how is it related to the study of law?

Q2. What are the three steps that are involved in risk management? Illustrate your answer with an example.

Q6. What is the difference between public law and private law? Can the government ever be involved in a private law case?

Q9. Briefly outline three areas of private law. Provide an example of each that is important to the business.

Q10. What is the significance of section 52 of the Constitution? How is that section related to the concept of ultra vires legislation?

Q15. Describe four restrictions to the application of the Charter.

Q17. "Subordinate legislation is a type of law that only a municipality can create." Is that statement true? Briefly explain the nature of subordinate legislation.

Q18. What is a "by-law"? Which level of government creates by-laws?

Q20. Explain the historical difference between law and equity. Are law and equity still separate systems of law?