There has been a departmental policy that if a student fails a course because of a failed final exam, failed project, or other component of the course that must be passed in order to pass the course, the student's mark is the minimum of the computed mark for the term and a mark of 45. (If this is misquoted or no longer the case, someone please edit this entry.)
Grad students must have an average of 80% and at least 72% in each course for it to count for their breadth requirements (see http://www/grads/affairs/Handbook.pdf)