[AFM 231] - Final Exam Guide - Ultimate 86 pages long Study Guide!

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

Document Summary

Study notes: law affects most business decisions from development the business idea through its implementation, financing, hiring, production, marketing and sales, business law: a set of established rules governing commercial relationships, including the enforcement of rights. Protects business ideas and more tangible forms of property. Provides mechanisms that permit businesspeople to select their desired degree of participation and exposure to risk in business ventures. Seeks to ensure that losses are borne by those who are responsible for them. Businesses are legally required to protect customers" personal info personal information protection and electronic documents act. Law facilitates personal interactions by providing rules concerning marriage, adoption and the disposal of property upon the owner"s death. Law facilitates commercial activity by providing rules governing the marketplace. E. g. contract law rules that make agreements binding and therefore facilitate planning and the enforcement of expectations.