Test Bank For Business Law in Canada, 13th Edition by Richard A. Yates, Trevor Clarke, Angus Ng, Teresa Bereznicki-Korol Chapter 1-15

TEST BANK FOR Odett e Coccol a Camosun College Business Law in Canada Thirteenth Edition Richard A . Yates Simon Fraser University Trevor Clarke Aurora College Angus Ng Northern Alberta Institute of Technology Teresa Bereznicki -Korol Northern Alber ta Institute of Technology Table of Contents Chapter 1 : Managing Your Legal Affairs 01 Chapter 2: Introduction to the Legal System 42 Chapter 3: The Resolution of Disputes: The Courts and Alternatives to Litigation 109 Chapter 4 : Intenti onal Tort s and Torts Impacting Business 179 ii Chapter 5: Negligence, Professional Liability, and Insurance 239 Chapter 6: The Elements of a Contract: Consensus and Consideration 300 Chapter 7: The Elements of a Contract: Capacity, Legality, and Intention 380 Chapter 8: Facto rs Affecting the Contractual Relationshi p 447 Chapter 9: The End of the Contractual Relationship 540 Chapter 10: Agency and Partnership 611 Chapter 11: Corporations 693 Chapter 12: Employment 750 Chapter 13: Intellectual Property 811 Chap ter 14: Real and Personal Prop erty and Protection of the Environment 859 Chapter 15: Priority of Creditors 913 Chapter 1 6: Sales and Consumer Protection 956 iii Chapter 01: Managing Your Legal Affairs 1. In the context of a sophisticated client, "sophisticated" can best be defined as A) complicated, self -reliant, and cosmopolitan. B) refined and cultured. C) simple and naïve. D) confident, knowledgeable, and up to date. E) aggressive, dynamic, and forceful. Difficulty: 1 QuestionID: 01-01 Topic: Ch. 1 - Becoming a Sophisticated Client Skill: Recall Objective: Chapter 1 —1. Explain the meaning of "sophisticated clie nt." Answer: D) confident, knowledgeable, and up to date. 2. Which of the following best describes the likelihood of a student becoming involved in a situation necessitating legal advice? A) A student, or someone close to a student, sometimes becomes involv ed in such a situation. B) A student, or someone close to the student, will always become involved in such a situation. C) Because students are not business people, they never become involved in such situations. D) Because students cannot be sophisticated, they wil l often become involved in such situations. E) Legal advice is not available to students. Difficulty: 1 QuestionID: 01-02 Topic: Ch. 1 - Becoming a Sophisticated Client Skill: Applied Objective: Chapter 1 —1. Explain the meaning of "sophisticated client." Answer: A) A student, or someone close to a student, sometimes becomes involved in such a situation. 3. Becoming a sophisticated client will A) ensure that a business person never needs a lawyer. B) help a business person manage her legal affairs more efficiently and effectively. C) result in a business person developing a bias against lawyers. D) relieve a business person from having to conduct legal research. E) protect a business person from needing legal advice. iv Difficulty: 2 QuestionID: 01-03 Topic: Ch. 1 - Becoming a Sophisticated Client Skill: Applied Objective: Chapter 1 —1. Explain the meaning of "sophisticated client." Answer: B) help a business person manage her legal affairs more efficiently and effectively. 4. Having a good lawyer on your team is A) usually too expensive to be worthwhile. B) only necessary for large companies. C) a good alternative to becoming a sophisticated client. D) a legal requirement prior to incorporating a business. E) a critical component of being a sophisticated client. Difficulty: 3 QuestionID: 01-04 Topic: Ch. 1 - Becoming a Sophisticated Client Skill: Applied Objective: Chapter 1 —1. Explain the meaning of "sophisticated client." Answer: E) a critical component of being a sophisticated client. 5. Which of the following best describes the role o f the lawyer? A) The lawyer makes the legal decisions for the client. B) The lawyer is simply one of the experts the businessperson consults. C) The client must follow the lawyer's instructions, as long as they are lawful. D) The client makes decisions regarding civil matters; the lawyer makes decisions regarding criminal matters. E) The lawyer makes decisions regarding civil matters; the client makes decisions regarding criminal matters. Difficulty: 2 QuestionID: 01-05 Topic: Ch. 1 - The Role of the Lawyer Skill: Recall Objective: Chapter 1 —2. Examine the Role of the Lawyer. Answer: B) The lawyer is simply one of the experts the businessperson consults. 6. One reason for a lack of respect for lawyers is that A) many people do not understand the role of the lawyer in the s olicitor -client relationship. B) lawyers are not bound by a code of professional conduct. C) lawyers who breach their duties are generally not subject to any punishment.