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University of Manitoba *

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Course

3300

Subject

Law

Date

Jan 9, 2024

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docx

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1

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Define the term gate keeper Liability as used in this course and give an example. What is a limited liability partnership? What is an implied term in law? give two examples What is a trustee in Bankruptcy and what does it do? What is the “principle of remoteness" in the Law of Contract and why is it important? What does the term “escheat” mean? What is "Feesimple" as opposed to a "leasehold estate"? What does "estoppel" mean and discuss where it is relevant in this course. What does the term "negotiability" and why is it important? Define the term“descriptive Easement"? Give an example. " in respect of "copyright"? nce rule" mean and in what context in this course is As discussed in this course define the term insurance. What it accomplishes and in what role is it useful of worthwhile in property and business transactions and ownership. Also, what does the term insurable interest mean and why is it important? Discuss the situations when a court must interpret a contractual term. Is it the plaintiff or defendant who is usual most interested in requiring the construction of a contract? What do courts attempt to fulfill through contract interpretation and what approaches do they use? Define and discuss the impact of the concept freedom of contract in respect of the laws of contract as reviewed in this course. As discussed in this course legal risk management is an important concern for all businesses. What is legal risk management and what does it concern? Discuss in your answer identifying the distinct steps involved in creating a legal risk management plan. As reviewed in this course discuss the requirements both common law and statutory, if any, for contracts to be in writing. Is it good practice for substantial contracts to be in writing? As reviewed in your textbook and lectures, discuss the various forms of protection that a minority shareholder in a corporation has at their disposal if his/her/its interests are being adversely affected. Why is “certainty” in contract law important and to what “element” does it relate. Discuss how the common law promotes it both as a system and through principles or doctrines of law. Discuss any statues that seek to promote certainty in contract law.
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