RSM225H1 Lecture Notes - Lecture 1: Small Business, Sole Proprietorship, General Partnership

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Handouts to be read first, followed by textbook as a back-up. Midterm: 1. 5 hours, closed book, 35% - just after the reading week. Handouts will be posted from class for chapter 1 & 2. Sources for law: 1) government, 2) courts, 3) canadian constitution. Courts can create law, they typically apply law, but if the law leads to unfair outcome, then courts bend law (precedent) Constitution: not going to be covered much in this course. Court of appeals: apply to supreme court to have case reviewed, majority decides. In constitution: canadian charter: rights of freedoms, for everyone in canada, (cid:449)e do(cid:374)"t apply it in this course. Freedo(cid:373) of spee(cid:272)h, (cid:271)ut agai(cid:374)st the la(cid:449) to i(cid:374)sight (cid:448)iole(cid:374)(cid:272)e agai(cid:374)st a group (cid:862)hate (cid:272)ri(cid:373)e(cid:863) Trial court: must follow past decisions, must consider past decisions of trial court in higher court of other province (court of appeal), may consider decisions of same court other province.

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