UNIVERSITY OF WATERLOO 
AFM 231: Business Law 
Comprehensive Revision Guide and Notes 2025 
 
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University of Waterloo - AFM 231: Business Law

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ACADEMIC YEAR 2025 - 2026

University	University of Waterloo
School	Accounting and Finance
Course Code	AFM 231
Course Name	Business Law
Notes Title	Comprehensive Revision Guide and Notes
Page Length	56

AFM 231: Business Law (University of Waterloo) - This guide covers the examinable topics in the current course outline. It shows how key legal rules shape business decisions and daily operations. Core areas include contract law, tort law, consumer protection, and the relationship between business and regulators. Use it to review the essentials, connect principles to real business scenarios, and get ready for the final exam with confidence.

This course, AFM 231: Business Law focuses on the legal aspects related to contracts and business organizations. It also covers sources of law, the judicial process, real and personal property, torts, agency, credit, and negotiable instruments. Key topics include the legal environment of business, dispute resolution, contract law (covering contractual relationships, contract terms, and ending contracts), tort law, and business organizations (including organizational forms, corporate governance, and banking and credit). Additionally, the course explores property law, both personal and real, as well as intellectual property.

The course is not open to students in Accounting and Financial Management, Mathematics/ Chartered Professional Accountancy, or Biotechnology/ Chartered Professional Accountancy programs.

Antirequisites include AFM 335, MTHEL 100/COMM 231, BUS 231W, CIVE 491, GENE 411, and ME 401.

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Global Capital Markets and Financial Analytics
AFM 273	Financial Instruments and Capital Markets
AFM 274	Introduction to Corporate Finance
AFM 275	Corporate Finance
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 391	Intermediate Financial Accounting 2
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 201	Microeconomic Theory for Business and Policy
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics
MGMT 244	Principles of Marketing
PSYCH 292	Basic Data Analysis
STAT 202	Introductory Statistics for Scientists
STAT 443	Forecasting

University of Waterloo - AFM 231: Business Law

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