question #2: Using house to secure a line of credit. What does this mean? This situation is addressed in Section 9.3. The purpose of a line of credit for a business, the use of mortgages to secure repayment of debt, and the remedies in the event of default in payment should be discussed.

question #3: Landlord wants a "right of distress" in the lease. What is it? The remedy of distress is discussed in Section 9.4 under Lease Provisions. You need to reinforce the distinction between commercial tenancies and residential tenancies and to introduce a discussion on some of the key provisions of a commercial lease.

question #4: Renting out extra space. Do I have to tell the landlord? Subletting or assignment under a commercial lease is discussed in Section 9.4 under Lease Provisions. This situation should be used to reinforce the distinction between subletting premises and assigning the lease, and the various situations in which a business may want to consider these options.

question #5: Bank wants a general security agreement. What is it? This situation is addressed in Section 9.5 of the text under Personal Property, particularly in the Did You Know box describing a general security agreement. Discuss the financing of business operations and the concept of creditors requiring a loan secured by a specific asset or a blanket security arrangement covering present and future assets of the business .

Question #6: Lost key app. How to protect it from being stolen? This situation is addressed in Section 9.6 of the text under Intellectual Property. Should discuss the growing value of intellectual property to commercial activities and the importance of protecting it as an asset of a business. The need to honour contractual obligations if the source code for an app has been licensed is a review on contractual obligations which you have learned chapter 9 property law

Canadian business law textbook