MGSC30H3 Lecture Notes - Lecture 1: Limited Liability, Sole Proprietorship, Precedent

• School: UTSC
• Department: Management (MGS)
• Course: MGSC30H3
• Professor: H Laurence

Document Summary

Need to examine both sides of the argument. Small claims court excellent court fast, cheap (<=), don"t need a lawyer. It is for small things e. g. someone hit my dog vs the dog was attacking me so i had no choice. 1st stage: general division -2nd stage: ontario court of appeal -3rd stage: supreme court of. Supreme court generally deals with constitutional and human rights issues. Stare decisis cases should be settled consistently. 1) cases from same court very persuasive 2) cases from higher courts determinative 3) from other jurisdictions. Sole proprietorship unlimited liability i. e. no protection. Partnerships have about 2 to 8 partners in general.