MANAGERIAL DUTIES AND BUSINESS LAW

Topic 1 Importance of Canadian business law

What is business law according to your understanding? Why is it important for management practices? Why do you need to learn business law for your business management program?

Topic 2 Role of Canadian Law within a business environment

What legal issues do business owners potentially face? How does the legal environment affect a manager? How does the business laws affect management activities? Please give an example.

Topic 3 Duty of Care and the Business Judgment Rule

What is the case about(Duty of Care and the Business Judgment Rule pp. 3-6)? Please give a summary. To your understanding, what's the Business Judgment Rule? What's the Duty of Care? What is the relationship between? Why are the two terms important for business management? You are very welcome to give an example/case if applicable.