Principles of Business Law

Whether you’re buying your groceries, returning a faulty product, or mowing the lawn for your neighbour, law is always in the background, shaping what you and others you can do, and what happens when things go wrong. Principles of Business Law gives you some of the basic tools to understand the legal landscape of the world of legal transactions, and how law affects everyday decisions. This subject offers a broad introduction to law from a business perspective, designed for students from all disciplines. You’ll explore the nature and purpose of law, how laws are made, how they evolve, and how they’re enforced. You’ll learn to read and interpret legislation and case law, and apply them to practical, real-world situations. Key topics include how legally binding contracts are formed (and what happens when they’re broken), consumer protection, property law, negligence and liability in tort, and the law of agency. Along the way, you’ll build essential legal literacy that will help you spot issues, assess risks, and make informed decisions, whether you're working in a business, protecting your rights as a customer, or simply navigating adult life. No prior legal knowledge is required. This subject is an ideal starting point for students curious about the law or looking to build foundational knowledge that supports other fields like commerce, engineering, science, and the arts. By the end of this subject, students should be able to: