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BUSA 364: Business Law 1 
Comprehensive Revision Guide and Notes 2025 
 
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BUSA 364: Business Law 1

C$29.00

ACADEMIC YEAR 2025 - 2026

University	McGill University
Study Level	Undergraduate
Course Code	BUSA 364
Course Name	Business Law 1
Notes Title	Comprehensive Revision Guide and Notes
Page Length	56

Designed for McGill’s BUSA 364: Business Law 1, this focused revision guide and course notes help you master contract, tort, and consumer law and apply them to real business decisions. It maps key concepts to examinable topics, highlights what markers reward, and flags common pitfalls. Clear explanations, plain-language examples, and quick checkpoints build understanding fast. Use it to plan efficient revision, practise exam technique, and approach assessments with confidence while deepening your grasp of foundational legal principles.

An introduction to the legal system and basic legal principles affecting business. Tort negligence, contracts, forms of business organization, creditors' rights and bankruptcy. Restriction: Open to U2 and U3 students.

Key Areas of Focus:

Understand the basic concepts of law, including its definition, purpose, and relationship with justice and ethics.
Learn the structure and elements of the Canadian and Quebec legal systems.
Identify the roles and obligations between mandatary and mandator, and towards third persons.
Explore different forms of business ownership, including sole proprietorships, partnerships, and corporations.
Gain knowledge of employment law, focusing on individual employment contracts.
Understand civil responsibility (torts) and how liability can be direct or indirect.
Compare and contrast law with ethics, and learn how to resolve ethical issues in business settings.

COURSE CODE	COURSE NAME
ACCT 351	Intermediate Financial Accounting 1
ACCT 352	Intermediate Financial Accounting 2
ACCT 361	Management Accounting
CACF 210	Introductory Financial Accounting
CACF 215	Introductory Managerial Accounting
CACF 310	Intermediate Financial Reporting 1
CACF 325	Intermediate Financial Reporting 2
BUSA 364	Business Law 1
ECON 208	Microeconomic Analysis and Applications
ECON 230D (1&2)	Microeconomic Theory
ECON 209	Macroeconomic Analysis and Applications
FINE 441	Investment Management
FINE 342	Corporate Finance
FINE 442	Capital Markets and Institutions
ECON 337	Introductory Econometrics 1
FINE 443	Applied Corporate Finance
FIN 448	Financial Derivatives
MATH 324	Statistics
MGCR 211	Introduction to Financial Accounting
MGCR 222	Introduction to Organizational Behaviour
MGCR 271	Business Statistics
MGCR 341	Introduction to Finance
MGCR 352	Principles of Marketing
MGSC 372	Advanced Business Statistics
MATH 423	Applied Regression

BUSA 364: Business Law 1

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COURSE DESCRIPTION

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