UNIVERSITY OF TORONTO 
MGM390: Business Law 
Comprehensive Revision Guide and Course Notes 2025 
 
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University of Toronto - Business Law (MGM390)

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ACADEMIC YEAR 2024 - 2025

University	University of Toronto
Program Area	Management
Course Code	MGM390
Course Name	Business Law
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	56

This is a complete summary of everything that is examinable for MGM390: Business Law at the University of Toronto. Within this document, you will find a comprehensive evaluation of the examinable topics for the course. You will learn and discover how the law affects business decision making and operations. It does so by examining a number of fundamental legal principles that impinge upon key business areas such as contract law, tort law, and consumer law. It also considers the relationship between business and regulators. This ideal guide is extremely helpful for you to revise all the topics, and to prepare for your assessments and the final exam.

MGM39: Business Law provides a comprehensive overview of public institutions, laws, and regulations shaping the structure and management of Canadian organizations. Formerly listed as MGM290, the course introduces students to the legal framework that businesses operate within, ensuring they can navigate potential legal challenges and make informed decisions. Prerequisites for the course include MGM101 and MGM102, with exclusions such as MGT393, RSM225, and MGSC32.

Main topics include an introduction to the Canadian legal system, the impact of public institutions on businesses, and the legal principles governing business entities. Students also explore contract law, the law of negligence, and regulations such as the Sales of Goods Act and consumer protection legislation. The course focuses on how legal considerations influence organizational structure and management, providing a solid foundation in business law to support students’ professional development.

COURSE CODE	COURSE NAME
ACT240	Mathematics of Investment & Credit
ECO101	Principles of Microeconomics
ECO102	Principles of Macroeconomics
ECO206	Microeconomic Theory
ECO220	Introduction to Data Analysis & Applied Econometrics
ECO227	Foundations of Econometrics
ECO372	Data Analysis & Applied Econometrics in Practice
ECO374	Forecasting and Time Series Econometrics
ECO375	Applied Econometrics I
EEB225	Biostatistics for Biological Sciences
MGM390	Business Law
PSY201	Statistics I
RSM219	Introduction to Financial Accounting
RSM220	Intermediate Financial Accounting I
RSM221	Intermediate Financial Accounting II
RSM222	Management Accounting I
RSM225	Legal Environment of Business I
RSM230	Financial Markets
RSM250	Principles of Marketing
RSM260	Organizational Behaviour
RSM332	Capital Market Theory
RSM333	Corporate Finance
RSM336	Investments
RSM433	Advanced Corporate Finance
RSM435	Futures and Options Markets
SOC202	Introduction to Quantitative Methods in Sociology
STA220	The Practice of Statistics I

University of Toronto - Business Law (MGM390)

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