AFM231 Lecture Notes - Lecture 9: Espresso, Contributory Negligence, Vicarious Liability

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM231
• Professor: Darren Charters

Document Summary

Look at test relevant flies: do not need to focus on the boxes just focus on the main section of the textbook. What are the terms of the contract. If the contract hasn"t been performed, what should be the outcome. Lawsuits for breach: other doctrines aimed against enforcement, need to make sure there is a valid contract, need to think about what is called for and set out in the terms of the contract. Need to make sure that the contract is clear and covers all aspects relevant for your business. In business think of predominantly about risk presented to business by potential tort claims: objectives of tort law. In business concerned about what could expose us to potential lawsuits and being sued. Someone burns themselves from your very hot drink. Primary objective: to make the person who caused the harm pays for the harm which has been done.