I’ve been reading a few questions and answers regarding exceptions and their use. Seems to be a strong opinion that exceptions should be raised only for exception, unhandled
I tend to believe business objects should throw exceptions when passed values that violate its business rules. It however seems that winforms 2.0 data binding architecture assumes the opposite and so most people are rail-roaded into supporting this architecture.
I agree with shabbyrobe's last answer that business objects should be built to be usable and to work correctly in multiple environments and not just the winforms environment, e.g., the business object could be used in a SOA type web service, a command line interface, asp.net, etc. The object should behave correctly and protect itself from invalid data in all these cases.
An aspect that is often overlooked is also what happens in managing the collaborations between objects in 1-1, 1-n or n-n relationships, should these also accept the addition of invalid collaborators and just maintain a invalid state flag which should be checked or should it actively refuse to add invalid collaborations. I have to admit that I'm heavily influenced by the Streamlined Object Modeling (SOM) approach of Jill Nicola et al. But what else is logical.
The next thing is how to work with windows forms. I'm looking at creating a UI wrapper for the business objects for these scenarios.