RSM225H1 Lecture Notes - Lecture 5: Fiduciary, Abbreviation, Contributory Negligence
Document Summary
Midterm exam: remedy, partnership law, fiduciary duty, directors, negligence, corporate law. Legal issues: someone be legally liable for something, legal right or remedy to use to get something. Separate each legal issues: have title and underline. Don"t make assumption, tell whether it needs to be confirmed. If the corporation issues the types the shares that are not on the articles of corporation, they are not valid, issuing shares must along with prospectus, otherwise, those shares are not valid. Somebody do something carelessly and cause harm to somebody else. If you don"t do something that you have legal responsibility. To meet negligence, needs to meet 4 requirements (these 4 are connected): duty of care: the person who causes the harm might anticipate what they have done might hurt. 50th percentile : just above the average, don"t have to be the most careful person. Professionals or experts: reasonable care a professional or expert suppose to have causation.
