AFM231 Study Guide - Final Guide: Financial Statement, Standard Form Contract, Co-Insurance

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

Document Summary

For the purposes of this class (using the keep it simple" philosophy), just assume that for all persons coming onto property other than trespassers, the law if basically the same as negligence. Note how transitory a relationship may be and yet still lead to someone being defined as an occupier (e. g. elevator repair company). Or people who are there lawfully but who don"t leave when requested to do so. Children: duty is higher (e. g. if you know kids break into your property, simply putting a sign up about a danger may well be insufficient. ) Indirect tort: you do something on your property that substantially interferes with your neighbour"s right to enjoy her/his property. Something on my property that hurts other"s properties. Tension: some very legitimate uses may be harmful (e. g. noisy factory). Important role of legislation to strike a balance. Further, some rights at common law not protected e. g. view, light.