TEST BANK Business Law in Canada 13 Edition by Richard Yates Chapters 1-16

TEST BANK Business Law in Canada 13 Edition by
Richard Yates Chapters 1-16

,TABLE OF CONTENT
g7 g7




1. Managingg7Yourg7Legalg7Affairs

2. Introductiong7tog7theg7Legalg7System

3. Theg7Resolutiong7ofg7Disputes:g7Theg7Courtsg7andg7Alternativesg7tog7Litigation

4. Intentionalg7Tortsg7andg7Tortsg7Impactingg7Business

5. Negligence,g7Professionalg7Liability,g7andg7Insurance

6. Theg7Elementsg7ofg7ag7Contract:g7Consensusg7andg7Consideration

7. Theg7Elementsg7ofg7ag7Contract:g7Capacity,g7Legality,g7andg7Intention

8. Factorsg7Affectingg7theg7Contractualg7Relationship

9. Theg7Endg7ofg7theg7Contractualg7Relationship

10. Agencyg7andg7Partnership

11. Corporations

12. Employment

13. Intellectualg7Property

14. Realg7andg7Personalg7Propertyg7andg7Protectiong7ofg7theg7Environment

15. Priorityg7ofg7Creditors

16. Salesg7andg7Consumerg7Protection

,Chg71.g7Managingg7Yourg7Legalg7Affairs

1. Ing7theg7contextg7ofg7ag7sophisticatedg7client,g7"sophisticated"g7cang7bestg7beg7definedg7as
a. complicated,g7self-reliant,g7andg7cosmopolitan.
b. refinedg7andg7cultured.
c. simpleg7andg7naïve.
d. confident,g7knowledgeable,g7andg7upg7tog7date.
e. aggressive,g7dynamic,g7andg7forceful.

2. Whichg7ofg7theg7followingg7bestg7describesg7theg7likelihoodg7ofg7ag7studentg7becomingg7in
volvedg7ing7ag7situationg7necessitatingg7legalg7advice?

, a. Ag7student,g7org7someoneg7closeg7tog7ag7student,g7sometimesg7becomesg7involvedg7ing7suchg7ag7situation.
b. Ag7student,g7org7someoneg7closeg7tog7theg7student,g7willg7alwaysg7becomeg7involvedg7ing7suchg7ag7situation.
c. Becauseg7studentsg7areg7notg7businessg7people,g7theyg7neverg7becomeg7involvedg7ing7suchg7situations.
d. Becauseg7studentsg7cannotg7beg7sophisticated,g7theyg7willg7ofteng7becomeg7involvedg7ing7suchg7situations.
e. Legalg7adviceg7isg7notg7availableg7tog7students.

3. Ramang7isg7ag7sophisticatedg7client.g7Thisg7meansg7thatg7she
a. understandsg7howg7tog7manageg7ag7lawyer-clientg7relationship.
b. hasg7ag7lawg7degree.
c. isg7ag7smallg7businessg7owner.
d. managesg7herg7legalg7affairsg7withoutg7assistanceg7fromg7ag7lawyer.
e. willg7probablyg7neverg7findg7herselfg7ing7ag7situationg7necessitatingg7legalg7advice.

4. Whichg7ofg7theg7followingg7isg7notg7ag7goodg7reasong7forg7ag7businesspersong7tog7seekg7adviceg7fromg7ag7lawyer
?
a. Theg7businesspersong7cannotg7findg7theg7necessaryg7legalg7information.
b. Theg7businesspersong7cannotg7understandg7theg7necessaryg7legalg7information.
c. Theg7necessaryg7legalg7informationg7isg7availableg7online.
d. Itg7wouldg7takeg7toog7longg7forg7theg7businesspersong7tog7findg7theg7necessaryg7legalg7information.
e. Theg7businesspersong7isg7facingg7criminalg7charges.

5. Forg7sophisticatedg7clients,g7theg7availabilityg7ofg7ang7abundanceg7ofg7legalg7informationg7onlineg7i
s
a. ag7negativeg7development,g7becauseg7onlineg7informationg7isg7rarelyg7accurateg7org7helpful.
b. ag7positiveg7development,g7becauseg7itg7meansg7thatg7theyg7willg7nog7longerg7needg7tog7retaing7lawye
rsg7asg7partg7ofg7theirg7team.
c. ag7negativeg7development,g7becauseg7accessingg7thisg7informationg7tendsg7tog7beg7moreg7costlyg7thang7
retainingg7ag7lawyer.
d. ag7positiveg7development,g7becauseg7itg7providesg7greaterg7accessg7tog7informationg7theyg7cang7use
g7asg7partg7ofg7theirg7decision-makingg7process.
e. ag7neutralg7development,g7becauseg7lawyersg7areg7stillg7theg7onlyg7onesg7ableg7tog7accessg7thisg7information.

6. Wheng7searchingg7onlineg7forg7legalg7information,g7itg7isg7bestg7to
a. trustg7thatg7ifg7itg7isg7publishedg7online,g7itg7mustg7beg7accurate.
b. neverg7trustg7theg7informationg7foundg7ong7ag7website.
c. useg7Americang7sources,g7asg7theyg7tendg7tog7beg7moreg7comprehensiveg7thang7Canadiang7ones.
d. gaugeg7theg7accuracyg7ofg7theg7informationg7byg7theg7lookg7ofg7theg7website.
e. seekg7inputg7fromg7ag7lawyerg7wheng7answersg7cannotg7beg7readilyg7found.

7. Sophisticatedg7clients
a. dog7notg7needg7tog7retaing7ag7lawyer.
b. knowg7thatg7itg7isg7betterg7tog7hireg7ag7lawyerg7thang7tog7conductg7researchg7ong7one'sg7own.
c. areg7willingg7tog7payg7forg7legalg7adviceg7atg7anyg7cost.
d. tendg7tog7beg7embarrassedg7tog7requestg7legalg7advice.
e. haveg7theg7skillg7andg7confidenceg7tog7findg7basicg7legalg7information.