CLA1501 Commercial Law IA Exam Questions and Answers

2026 CLA1501 COMMERCIAL LAW IA

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,Question 1.
Public law .
Correct Answer: Law that regulates the conduct of government and the
relations between government and private persons


Question 2.
Private law .
Correct Answer: Law that regulates the relations between private persons and
groups of private persons


Question 3.
Legal liability .
Correct Answer: Responsibility for the consequences of breaking the law


Question 4.
Criminal liability .
Correct Answer: Responsibility arising from commission of an offence against
the government or society as a whole


Question 5.
Regulatory or quasi-criminal liability .
Correct Answer: Responsibility arising from breaches of less serious rules of
public law often enforced through specialized regulatory tribunals set up by the
government for specific purposes


Question 6.
Civil liability .
Correct Answer: Responsibility arising from a break of private law, enforced
through a lawsuit initiated by the victim


Question 7.
Super-governmental organizations .
Correct Answer: Non-profit associations of governments from around the world
working to find common approaches to international issues, such as the World
Trade Organization or the United Nations

,Question 8.
Legal Risk .
Correct Answer: Business activities conduct, events, or scenarios that could
expose a business to any type of legal liability


Question 9.
Legal risk management plan .
Correct Answer: A plan developed by a business that identified potential legal
liability and provides preventative and remedial strategies


Question 10.
Legal audit .
Correct Answer: A review of each area, action, and interaction of the business
to identify potential legal liability and legal compliance risks


Question 11.
Solicitor .
Correct Answer: An "office" lawyer in England who interviews clients, carries on
legal aspects of business and family affairs, and prepares cases for trial


Question 12.
Barrister .
Correct Answer: A lawyer in England who accepts cases from solicitors and
presents them in court, and also acts as a consultant in complex legal issues


Question 13.
Notary .
Correct Answer: A solicitor in Quebec


Question 14.
Advocate .
Correct Answer: A barrister in Quebec


Question 15.
Attorney .
Correct Answer: A lawyer in the United States, encompassing the roles of both
barrister and solicitor

, Question 16.
Disbarred .
Correct Answer: Expelled from the law society and deprived of the privilege of
practising law


Question 17.
Soliciter-client priviledge .
Correct Answer: A client's right to have all communications with his or her
lawyer kept confidential


Question 18.
Paralegal .
Correct Answer: A non-lawyer who provides some form of legal service to the
public


Question 19.
Retainer .
Correct Answer: The contract between a lawyer and client that describes the
work that will be done and the fee that will be charged


Question 20.
Outside counsel .
Correct Answer: Self-employed lawyers who work alone, in small partnerships,
or in large national firms, and bill the business for services rendered


Question 21.
In-house counsel .
Correct Answer: A lawyer who provides legal services to a business as a
full-time employee of the business


Question 22.
Compliance officer .
Correct Answer: An employee that monitors regulatory and legislative
requirements applicable to the business and ensures that the business complies