SMU LGST101 Business Law

These are my study notes for SMU LGST101 Business Law. As a fun fact, I took this course as an exchange student and literally spent no time (aside from making this series) studying for the subject. And certainly, as an engineering student, I did not bother to read any of the cases nor the textbook. Still, I managed to score A and A+ for my midterms and finals respectively. 😎

I hope this conveys the point that the method of study is some times more important than the time spent. My notes are designed to approach topics from a conceptual level and should be helpful towards crafting an organized and on-point argument in exam.

• Business Law Part 1 – Contract Formation

  Is a legally binding contract actually formed?

• Business Law Part 2 – Terms of Contracts

  What kind of statements serve as terms in a contract?

• Business Law Part 3 – Discharge of Contracts

  When is a contract considered discharged?

• Business Law Part 4 – Remedies for Breach of Contracts

  How do we determine the suitable remedy when a contract is breached?

• Business Law Part 5 – Vitiating Factors

  What are some factors that voids a contract / makes a contract voidable?

• Business Law Part 6 – Privity

  How do we deal with third parties in a contract? Can they sue for the damages?

• Business Law Part 7 – Negligence

  How do we deal with situations when harm is caused by negligence of a person with a duty to care?

• Business Law Part 8 – Agency

  Who can form a contract on behald of another entity?