1. Explain duress, undue influence.

2. Describe the differences between a condition and a warranty.

3. Define Frustration. List three ways in which frustration can take place.

4. What is the agents function? Why is it important to understand the law of agency in business?

5. Explain the nature of a joint venture, how it can be formed?

6. What is meant by a corporation?

7. How can a corporation be terminated?

8. Set out the nature of the duties owed by a director of a corporation.

9. Distinguish among an employee, an independent contractor, and an agent.

10. What is Union ? why employee has to join a Union.

11. Explain how a copyright is obtained and qualifications that must be met to obtain such protection

12. Explain trademark? How long does trademark protection last?

13. What is a fixture? Under what circumstances can someone other than the owner of real property, such as a tenant, remove fixtures?

14. What is meant by an easement? Give examples.

15. Explain Debtor and Creditor ?

16. What is bankruptcy after and who can file Bankruptcy?

17. What three conditions must be met before the sale of Goods Act applies to a transaction?

18. Explain why online transactions do not involve negotiable instruments. What has taken their place?

SECTION-B

CASE SUMMARY

FRAUD DISQUALIFIES DIRECTOR FROM SERVING: Reeves v. Hart

Hart was director and driving force of Sun gold Entertainment Corp.(publicly traded BC company) and Horsepower Broadcasting Network Inc.(a wholly owned subsidiary of Sun gold). An application was brought by Reeves, another director of these companies, to have Hart removed as a director. This was opposed by Hart and the companies themselves. In 2002, Hart had been convicted of tax evasion, having relied on false documents overstating expenses and reducing taxable income. In British Columbia, a criminal conviction involving fraud disqualifies a person from serving as a director in a corporation registered in that province, unless the court exercises its discretion and orders otherwise.

The Court found that the tax evasion conviction involved the submission of false documents, which satisfied the definition of fraud, and disqualified Hard from acting as a director of a BC company. Even though it was suggested that the reason for the application was that Reeves was disgruntled at having lost a valuable consulting contract with sun gold, and that Hart was the driving force behind the companies and his involvement was needed for them to succeed, the Court found that there was not sufficient reason to exercise its discretion and removed Hart as a director of the two companies.

1. Explain duress, undue influence.

2. Describe the differences between a condition and a warranty.

3. Define Frustration. List three ways in which frustration can take place.

4. What is the agents function? Why is it important to understand the law of agency in business?

5. Explain the nature of a joint venture, how it can be formed?

6. What is meant by a corporation?

7. How can a corporation be terminated?

8. Set out the nature of the duties owed by a director of a corporation.

9. Distinguish among an employee, an independent contractor, and an agent.

10. What is Union ? why employee has to join a Union.

11. Explain how a copyright is obtained and qualifications that must be met to obtain such protection

12. Explain trademark? How long does trademark protection last?

13. What is a fixture? Under what circumstances can someone other than the owner of real property, such as a tenant, remove fixtures?

14. What is meant by an easement? Give examples.

15. Explain Debtor and Creditor ?

16. What is bankruptcy after and who can file Bankruptcy?

17. What three conditions must be met before the sale of Goods Act applies to a transaction?

18. Explain why online transactions do not involve negotiable instruments. What has taken their place?

SECTION-B

CASE SUMMARY

FRAUD DISQUALIFIES DIRECTOR FROM SERVING: Reeves v. Hart

Hart was director and driving force of Sun gold Entertainment Corp.(publicly traded BC company) and Horsepower Broadcasting Network Inc.(a wholly owned subsidiary of Sun gold). An application was brought by Reeves, another director of these companies, to have Hart removed as a director. This was opposed by Hart and the companies themselves. In 2002, Hart had been convicted of tax evasion, having relied on false documents overstating expenses and reducing taxable income. In British Columbia, a criminal conviction involving fraud disqualifies a person from serving as a director in a corporation registered in that province, unless the court exercises its discretion and orders otherwise.

The Court found that the tax evasion conviction involved the submission of false documents, which satisfied the definition of fraud, and disqualified Hard from acting as a director of a BC company. Even though it was suggested that the reason for the application was that Reeves was disgruntled at having lost a valuable consulting contract with sun gold, and that Hart was the driving force behind the companies and his involvement was needed for them to succeed, the Court found that there was not sufficient reason to exercise its discretion and removed Hart as a director of the two companies.