Learning Summary
Short Summary
Business law conclude Contracts, the law of Corporations, and other Business Organizations, Securities Law, Intellectual Property, Antitrust, Secured Transactions, Commercial Paper, Income Tax, Pensions and Benefits, Trusts and Estates, Immigration Law, Labor Law, Employment Law and Bankruptcy. I have learned about the Canadian law which is applied to business including the introduction to the legal system and the courts, “Tort Law”, “Negligence”, "Contract Law”, “Employment Law”, “Insurance Law”, the methods of carrying on business, and the “Sale of Goods” during this semester.
The reason why I decided to take Business Law this semester is that I am majoring in Marketing Management and I always think that learning Business Law can help me know more about the legal system in Canada and can protect myself while dealing with legal issues in Canada. Also, the classes above show that we all easily engage into legal issue while dealing with others. Therefore, Business Law is definitely worth being a foundation course for different majors.
In my opinion, “Negligence” and “Contract Law” are the dominant parts for Business Law, which totally helps me deal with the legal issues. Once, one tenant wanted to increase the price for renting after making an agreement with me. I told her what she done was a breach of contract and I was not liable for the contract. I am also interested on “Sales and Consumer Protection” because commercial transactions happen in our daily life and as customers, we can protect our rights after learning this topic. Therefore, in this learning summary, I want to introduce “Sales and Consumer Protection” (chapter 16), “Negligence” (chapter 5), and “Contract Law” (chapter6, 7, 8, and 9).
Sales and Consumer Protection (Chapter 16)
After learning “Sales and Consumer Protection,” I can know what kinds of consumer protection legislation protect myself and figure out more about the relationship between buyers and sellers.
Newspaper Examples 1
· Dealer Management System, Inc. V. Design Automotive Group, Inc.
In 2000, Design Automotive Group, Inc., issued a purchase order to Dealer Management System, Inc. (DMS) for “Accounting Information Management” system consisting of various separately priced software components. DMS bought suit against Design Automotive alleging that it had breached the contract for failing to pay the $20,000 purchase price for the software. And also seeking recovery in quantum meruit for other computer programs that it claimed to have written for Design Automotive. Design Automotive moved to dismiss the contract claim on the grounds that because it had not signed the purchase order. The agreement was unenforceable. (Adams, 2008)
In my opinion, a contract for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the parties and signed by the pa...
