Supply Chain Management Professional (SCMP) · Question
In Canada, what legislation generally governs commercial contracts between businesses?
Commercial contracts in Canada are primarily governed by common law principles developed through court decisions, supplemented by specific provincial statutes.
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Question: In Canada, what legislation generally governs commercial contracts between businesses?
Answer options: ✅ Provincial common law and statute law
- The Canada Business Corporations Act
- The Federal Commercial Transactions Act
- The Competition Act
Correct answer: Provincial common law and statute law
Explanation: Commercial contracts in Canada are primarily governed by common law principles developed through court decisions, supplemented by specific provincial statutes.
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