UNIVERSITY OF GUELPH 
MCS*3040: Business and Consumer Law 
Comprehensive Revision Guide and Notes 2026 
 
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ACCT*1220, ECON*1050, ECON*1100, FIN*2000, and STAT*2040

University of Guelph - MCS*3040: Business and Consumer Law

$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Guelph
Study Level	Undergraduate
Course Code	MCS*3040
Course Name	Business and Consumer Law
Notes Title	Comprehensive Revision Guide and Notes
Page Length	56

This document provides a complete summary of all examinable topics for MCS*3040: Business and Consumer Law. It presents a thorough review of the key subjects covered in the course, including how the law influences business decision-making and operations. The guide also explores essential legal principles that affect areas such as contract law, tort law, and consumer law, as well as the relationship between businesses and regulators. This guide is ideal for revising all topics and preparing for your assessments and the final examination.

This course introduces students to statutory and common law concerning business and consumer transactions. An overview of the laws of contracts and torts forms the basis of business and producer/consumer relationships. Discussion topics include sale of goods and consumer protection legislation; debtor-creditor relations; competition law; intellectual property rights and manufacturers' product liability.

Restriction(s): Registration in BCOMM. program, BA:BADM minor, or BA:EURS area of emphasis in European Business Studies.

What You'll Learn:

Understand the structure and function of the Canadian legal system.
Analyze corporate law and its impact on businesses.
Explore tort law and liability issues.
Learn principles of agency law and its role in business relationships.
Examine employment law in the context of workplace rights and obligations.
Study contract law, focusing on the formation, enforcement, and breach of contracts.
Investigate legislation that governs marketplace practices.
Understand property law, including intellectual property rights and protections.

COURSE CODE	COURSE NAME
ACCT*1220	Introductory Financial Accounting
ACCT*1240	Applied Financial Accounting
ACCT*2230	Management Accounting
ACCT*3340	Intermediate Financial Accounting II
ACCT*3350	Taxation
ECON*1050	Introductory Microeconomics
ECON*1100	Introductory Macroeconomics
ECON*2310	Intermediate Microeconomics
ECON*2740	Economic Statistics
ECON*3740	Introduction to Econometrics
FIN*2000	Introduction to Finance
FIN*3000	Investments
FIN*3100	Corporate Finance
FIN*3200	Fundamentals of Derivatives
FIN*3500	Money, Credit, and the Financial System
HROB*2090	Individuals and Groups in Organizations
MCS*1000	Introductory Marketing
MCS*3040	Business and Consumer Law
STAT*2040	Statistics I
STAT*2060	Statistics for Business Decisions
STAT*4360	Applied Time Series Analysis

MITCA

MITCA

Updated for 2026

University of Guelph - MCS*3040: Business and Consumer Law

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