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CEN 800 EXAM 2025 QUESTIONS AND ANSWERS 100% CORRECT.

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Canadian Legal System - ANSWER· Based on equity and common law (judge made) · Theory of Precedent · Legislative Corporations and Corporate Law - ANSWER· Articles of Incorporation/ Letters Patent · Jurisdiction of Incorporation · Objects · By-laws · Resolutions · Public vs. Private · Participants o Shareholders o Directors o Officers o Employees Partnerships - ANSWER Corporate Taxes - ANSWER Business Organizations in Foreign Jurisdictions - ANSWER En

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CEN 800 EXAM 2025 QUESTIONS AND
ANSWERS 100% CORRECT.
Canadian Legal System - ANSWER· Based on equity and common law (judge made)
· Theory of Precedent
· Legislative

Corporations and Corporate Law - ANSWER· Articles of Incorporation/ Letters Patent
· Jurisdiction of Incorporation
· Objects
· By-laws
· Resolutions
· Public vs. Private
· Participants
o Shareholders
o Directors
o Officers
o Employees

Partnerships - ANSWER

Corporate Taxes - ANSWER

Business Organizations in Foreign Jurisdictions - ANSWER

Engineering Corporations and Partnerships - ANSWER

International Joint Ventures and Financial Risks - ANSWER

Parliamentary Supremacy - ANSWERo British North America Act 1867
§ Federal Jurisdiction
§ Provincial Jurisdiction

Constitutional Act 1982 and Charter of Rights and Freedoms - ANSWERo Guarantees
Fundamental Freedoms
o Constitution is Supreme Law
o Reduced Effect of Parliamentary Supremacy

Court Participants - ANSWER· Original trial: Plaintiff and Defendant
· Appeals: Appellant and Respondent

Civil Court Case Process - ANSWER· Plaintiff: Issue Statement of Claim
· Defendant: Respond with Statement of Defense

, · Discoveries: Documents, Oral
· Trial

Business Organizations - ANSWER· Sole Proprietorship
· Corporation
· Partnership

Different Types of Business Organizations - ANSWER· Joint Venture
· Consortium

Considerations in Selecting Appropriate Business Organization - ANSWER· Duration
· Simplicity/ Complexity
· Taxes
· Liability
· Separate Identity
· Personal Guarantees
· Property Ownership
· Registrations

Corporations - ANSWER· Articles of Incorporation/ Letters Patent
· Jurisdiction of Incorporation
· Objects
· By-laws
· Resolutions
· Public vs. Private
· Participants

Global Considerations - ANSWER· Form of Business Organization
· Political Risks
· Foreign Legal Systems
· Licensing Requirements
· Financial Risks Contract Forms
· Dispute Resolution

Different Types of Legal Obligations - ANSWER· Legal obligations and corresponding
responsibilities may arise

Contractual - ANSWERparties voluntarily assume legal obligations

Statutes - ANSWERlegislation imposes obligations
· Criminal code: do not steal
· Construction Act: retain statutory holdback from payments
· Personal Information Protection and Electronic Documents Act: governs how private-
sector organizations collect, use or disclose personal information in the course of
commercial activities across Canada
· Professional Engineers Act (Ontario): regulates the practice of engineering in Ontario

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