Studied by 0 people
Looks like no one added any tags here yet for you.
IRAC
A method used to analyze legal issues consisting of Issue, Rules, Apply Rule, and Draw Conclusion.
Common Law
A flexible system of law based on court decisions and judgments.
Substantive Law
Law that defines individual rights and wrongs.
Procedural Law
Law that outlines the procedures for enforcing rights and obligations.
Public Law
Law governing the relationship between individuals and the government.
Private Law
Law that governs relationships between individuals.
Civil Law
A legal system based on written codes, such as in Quebec.
Common Law
A legal system based on court decisions, applicable in most of Canada.
Hierarchy of Law
The order of laws where the Constitution is the highest form of law.
Constitution
The supreme law that overrides all other laws and provides the basis for government powers.
Statute Law
Laws passed by a legislative body, which judges interpret.
Common Law
Laws developed by judges that fill gaps in statute law.
Legislation
Laws that provide a framework for governing relationships and social behavior.
Regulatory Bodies
Authorities established by statute law to set substantive law and procedures.
Litigation Process
The series of steps involved in a legal case, including claims, pleadings, and trials.
Sole Proprietorship
A business owned by one person who is personally liable for all business debts.
Partnership
A business structure where two or more people share profits and liabilities.
Fiduciary Duty
The obligation of partners to act in the best interest of the partnership.
Limited Partnership
A partnership with at least one general partner who has unlimited liability.
Joint Venture
An arrangement where two or more parties collaborate on a specific project.
Corporation
A legal entity distinct from its owners, with its own rights and privileges.
Shareholders
Owners of a corporation who hold shares but do not have right to the assets.
Directors
Individuals elected to manage the corporation and make key decisions.
Officers
Appointed individuals responsible for the daily management of the corporation.
Articles of Incorporation
Documents that provide basic information about a corporation.
By-Laws
Internal rules that govern the operations of a corporation.
Shareholder Agreement
A contract detailing the rights and obligations of shareholders.
Derivative Action
A legal action taken by a shareholder on behalf of the corporation.
Oppression Remedy
A legal remedy for shareholders against unfair treatment by the corporation.
Tort
A wrongful act that causes harm to another person or their property.
Negligence Test
A legal standard to determine if a duty of care was breached.
Burden of Proof
The obligation of one party to prove their claims in a lawsuit.
Duty of Care
The legal obligation to adhere to a standard of reasonable care.
