ALW380 - Business Law for Accounting

Outline info
Last revision date 2018-07-16 00:00:01.644
Last review date 2018-07-20 11:23:57.291

Subject Title
Business Law for Accounting

Subject Description
This course will provide an introduction to Canadian Business Law with an emphasis on legal issues relevant to accounting. Topics will include: the Canadian legal system, tort law and professional liability, contract law, specific commercial contracts (including sale, insurance and employment), negotiable instruments and security interests and partnerships and corporations. Students will develop an ability to recognize and respond appropriately to legal situations that occur in an accounting environment.

Credit Status
For information regarding exemptions for courses included in CPA’s Advanced Certificate in Accounting & Finance (ACAF) program please see

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Outline the basic structure of the Canadian legal system.
a) Identify the sources of Canadian law.
b) Outline the structure of the Canadian court system.
c) Describe the basic steps in a civil trial possible appeals, and alternative dispute resolution.
d) Analyze the various damages and remedies a court can award.

2. Identify and analyze consistently, relevant business torts and the extent of professional liabilities in sample business problems.
a) Identify and evaluate specific business torts and liability issues such as: defamation, trespass,nuisance, occupiers liability and products liability.
b) Analyze the major considerations in a negligence action.
c) Discuss fiduciary duty, vicarious liability, professional negligence and professional ethics.
d) Analyze the potential professional liabilities of accountants and other business persons.
e) Evaluate sample business cases and discuss the tort liabilities that arise.

3. Recognize and analyze the essential requirements of a valid contract in given legal situations.
a) Identify a valid offer and valid acceptance.
b) Specify when contract to be in writing and analyze issues of legality and capacity.
c) Apply the contract principles relating to contract interpretation and contract defects to sample cases.
d) Explain the requirements of consideration and determine if it exists in a sample case.
e)Analyzing circumstances where a court may rule a contract valid void or voidable.

4. Assess various types of breach of contract and recommend appropriate remedies.
a) Recognize and analyze situations of justifiable and non-justifiable breach of contract. (i.e.., mistake, misrepresentation, frustration, non est factum and duress)
b) Distinguish between a major breach of contract, and a minor breach of contract.
c) Assess the various remedies that apply to different types of breach.
d) Discuss significant sections of consumer protection legislation.
e) Analyze sample breach of contract cases and recommend appropriate resolutions.

5. Evaluate the major legal issues faced by business in certain specific areas by:
a) analyzing the rights of employers and employees in employment contracts.
b) discussing key legal issues involved in hiring, firing, trade secrets and unions.
c)  recognizing and discussing the major legal considerations in copyright, trademark and patent law.
d) applying the intellectual property laws to computer/information technology situations.
e) applying these laws to sample cases and predicting appropriate outcomes.

6. Analyze important legal considerations that arise for a business organization by:
a) comparing and contrasting sole proprietorship, partnership and corporations.
b) discussing the legal rights and duties of shareholders and directors.
c) discussing the legal issues of white collar crime in Canada.
d) applying these legal principles to case studies.

7. Discuss major legislation affecting debtor and creditor relationships:
a) analyzing the key major features of security agreements and negotiable instruments .
b) analyzing the rights of debtors and creditors in bankruptcy.
c) solving sample cases based on these legal relationships.

8. Perform legal analysis on given case studies:
a) Identify the legal issues relating to a given fact situation.
b) Concisely state the legal principle that relates to each issue identified.
c) Extract and list the facts from the given situation that relate to each legal issue identified.
d) State the legal conclusion that logically follows from the legal issue identified together with the relevant legal principle and facts as stated.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

EAC150 - College English

Topic Outline

  • Law and the Legal System
  • Canadian Judicial System
  • Administrative Law
  • Contracts Forming a Contract
  • Contract Terms
  • Non-enforcement of Contracts
  • Contractual Rights
  • Termination and Enforcement of Contracts
  • Intentional Torts
  • Negligence
  • Special Tort Liabilities of Business Professionals
  • Law of Agency
  • Business Forms
  • Corporation Law
  • Securities Law
  • Intellectual Property, Patents, Trademarks, Copyright, and Franchising
  • Interests in Land
  • Law of Mortgages
  • Residential and Commercial Real Estate Transactions
  • Insurance
  • Law of Negotiable Instruments
  • Security for Debt
  • Bankruptcy and Insolvency
  • The Employment Relationship
  • Labour Law
  • Marketing of Goods and Services
  • Environmental Law

Mode of Instruction

A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts

Title: Contemporary Canadian Business Law: Principles and Cases
Edition: 11th
Author: John A. Willes, John H. Willes
Publisher: McGraw -Hill Ryerson
ISBN: 978-125903076-5

Reference Material

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online ( or at Seneca's Registrar's Offices.

Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:


Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:


Term Test 30%
Assignments (2 @ 15%)  30%
Final Examination 40%

Please retain this course outline document for future educational and/or employment use.

Program Coordinator
Cynthia Duncan

Approved by: Chair - Business Studies Danielle Mercier