TEST BANK Business Law in Canada 13 Edition by
Richard Yates Chapters 1-16
,TABLE OF CONTENT
1. Managing Your Legal Affairs
2. Introduction to the Legal System
3. The Resolution of Disputes: The Courts and Alternatives to Litigation
4. Intentional Torts and Torts Impacting Business
5. Negligence, Professional Liability, and Insurance
6. The Elements of a Contract: Consensus and Consideration
7. The Elements of a Contract: Capacity, Legality, and Intention
8. Factors Affecting the Contractual Relationship
9. The End of the Contractual Relationship
10. Agency and Partnership
11. Corporations
12. Employment
13. Intellectual Property
14. Real and Personal Property and Protection of the Environment
15. Priority of Creditors
16. Sales and Consumer Protection
,Chf41.f4Managingf4Yourf4Legalf4Affairs
1. Inf4thef4contextf4off4af4sophisticatedf4client,f4"sophisticated"f4canf4bestf4bef4definedf4as
a. complicated,f4self-reliant,f4andf4cosmopolitan.
b. refinedf4andf4cultured.
c. simplef4andf4naïve.
d. confident,f4knowledgeable,f4andf4upf4tof4date.
e. aggressive,f4dynamic,f4andf4forceful.
2. Whichf4off4thef4followingf4bestf4describesf4thef4likelihoodf4off4af4studentf4becomingf4involv
edf4inf4af4situationf4necessitatingf4legalf4advice?
, a. Af4student,f4orf4someonef4closef4tof4af4student,f4sometimesf4becomesf4involvedf4inf4suchf4af4situation.
b. Af4student,f4orf4someonef4closef4tof4thef4student,f4willf4alwaysf4becomef4involvedf4inf4suchf4af4situation.
c. Becausef4studentsf4aref4notf4businessf4people,f4theyf4neverf4becomef4involvedf4inf4suchf4situations.
d. Becausef4studentsf4cannotf4bef4sophisticated,f4theyf4willf4oftenf4becomef4involvedf4inf4suchf4situations.
e. Legalf4advicef4isf4notf4availablef4tof4students.
3. Ramanf4isf4af4sophisticatedf4client.f4Thisf4meansf4thatf4she
a. understandsf4howf4tof4managef4af4lawyer-clientf4relationship.
b. hasf4af4lawf4degree.
c. isf4af4smallf4businessf4owner.
d. managesf4herf4legalf4affairsf4withoutf4assistancef4fromf4af4lawyer.
e. willf4probablyf4neverf4findf4herselff4inf4af4situationf4necessitatingf4legalf4advice.
4. Whichf4off4thef4followingf4isf4notf4af4goodf4reasonf4forf4af4businesspersonf4tof4seekf4advicef4fromf4af4lawyer?
a. Thef4businesspersonf4cannotf4findf4thef4necessaryf4legalf4information.
b. Thef4businesspersonf4cannotf4understandf4thef4necessaryf4legalf4information.
c. Thef4necessaryf4legalf4informationf4isf4availablef4online.
d. Itf4wouldf4takef4toof4longf4forf4thef4businesspersonf4tof4findf4thef4necessaryf4legalf4information.
e. Thef4businesspersonf4isf4facingf4criminalf4charges.
5. Forf4sophisticatedf4clients,f4thef4availabilityf4off4anf4abundancef4off4legalf4informationf4onlinef4is
a. af4negativef4development,f4becausef4onlinef4informationf4isf4rarelyf4accuratef4orf4helpful.
b. af4positivef4development,f4becausef4itf4meansf4thatf4theyf4willf4nof4longerf4needf4tof4retainf4lawyersf4a
sf4partf4off4theirf4team.
c. af4negativef4development,f4becausef4accessingf4thisf4informationf4tendsf4tof4bef4moref4costlyf4thanf4ret
ainingf4af4lawyer.
d. af4positivef4development,f4becausef4itf4providesf4greaterf4accessf4tof4informationf4theyf4canf4usef4as
f4partf4off4their f4decision-makingf4process.
e. af4neutralf4development,f4becausef4lawyersf4aref4stillf4thef4onlyf4onesf4ablef4tof4accessf4thisf4information.
6. Whenf4searchingf4onlinef4forf4legalf4information,f4itf4isf4bestf4to
a. trustf4thatf4iff4itf4isf4publishedf4online,f4itf4mustf4bef4accurate.
b. neverf4trustf4thef4informationf4foundf4onf4af4website.
c. usef4Americanf4sources,f4asf4theyf4tendf4tof4bef4moref4comprehensivef4thanf4Canadianf4ones.
d. gaugef4thef4accuracyf4off4thef4informationf4byf4thef4lookf4off4thef4website.
e. seekf4inputf4fromf4af4lawyerf4whenf4answersf4cannotf4bef4readilyf4found.
7. Sophisticatedf4clients
a. dof4notf4needf4tof4retainf4af4lawyer.
b. knowf4thatf4itf4isf4betterf4tof4hiref4af4lawyerf4thanf4tof4conductf4researchf4onf4one'sf4own.
c. aref4willingf4tof4payf4forf4legalf4advicef4atf4anyf4cost.
d. tendf4tof4bef4embarrassedf4tof4requestf4legalf4advice.
e. havef4thef4skillf4andf4confidencef4tof4findf4basicf4legalf4information.
Richard Yates Chapters 1-16
,TABLE OF CONTENT
1. Managing Your Legal Affairs
2. Introduction to the Legal System
3. The Resolution of Disputes: The Courts and Alternatives to Litigation
4. Intentional Torts and Torts Impacting Business
5. Negligence, Professional Liability, and Insurance
6. The Elements of a Contract: Consensus and Consideration
7. The Elements of a Contract: Capacity, Legality, and Intention
8. Factors Affecting the Contractual Relationship
9. The End of the Contractual Relationship
10. Agency and Partnership
11. Corporations
12. Employment
13. Intellectual Property
14. Real and Personal Property and Protection of the Environment
15. Priority of Creditors
16. Sales and Consumer Protection
,Chf41.f4Managingf4Yourf4Legalf4Affairs
1. Inf4thef4contextf4off4af4sophisticatedf4client,f4"sophisticated"f4canf4bestf4bef4definedf4as
a. complicated,f4self-reliant,f4andf4cosmopolitan.
b. refinedf4andf4cultured.
c. simplef4andf4naïve.
d. confident,f4knowledgeable,f4andf4upf4tof4date.
e. aggressive,f4dynamic,f4andf4forceful.
2. Whichf4off4thef4followingf4bestf4describesf4thef4likelihoodf4off4af4studentf4becomingf4involv
edf4inf4af4situationf4necessitatingf4legalf4advice?
, a. Af4student,f4orf4someonef4closef4tof4af4student,f4sometimesf4becomesf4involvedf4inf4suchf4af4situation.
b. Af4student,f4orf4someonef4closef4tof4thef4student,f4willf4alwaysf4becomef4involvedf4inf4suchf4af4situation.
c. Becausef4studentsf4aref4notf4businessf4people,f4theyf4neverf4becomef4involvedf4inf4suchf4situations.
d. Becausef4studentsf4cannotf4bef4sophisticated,f4theyf4willf4oftenf4becomef4involvedf4inf4suchf4situations.
e. Legalf4advicef4isf4notf4availablef4tof4students.
3. Ramanf4isf4af4sophisticatedf4client.f4Thisf4meansf4thatf4she
a. understandsf4howf4tof4managef4af4lawyer-clientf4relationship.
b. hasf4af4lawf4degree.
c. isf4af4smallf4businessf4owner.
d. managesf4herf4legalf4affairsf4withoutf4assistancef4fromf4af4lawyer.
e. willf4probablyf4neverf4findf4herselff4inf4af4situationf4necessitatingf4legalf4advice.
4. Whichf4off4thef4followingf4isf4notf4af4goodf4reasonf4forf4af4businesspersonf4tof4seekf4advicef4fromf4af4lawyer?
a. Thef4businesspersonf4cannotf4findf4thef4necessaryf4legalf4information.
b. Thef4businesspersonf4cannotf4understandf4thef4necessaryf4legalf4information.
c. Thef4necessaryf4legalf4informationf4isf4availablef4online.
d. Itf4wouldf4takef4toof4longf4forf4thef4businesspersonf4tof4findf4thef4necessaryf4legalf4information.
e. Thef4businesspersonf4isf4facingf4criminalf4charges.
5. Forf4sophisticatedf4clients,f4thef4availabilityf4off4anf4abundancef4off4legalf4informationf4onlinef4is
a. af4negativef4development,f4becausef4onlinef4informationf4isf4rarelyf4accuratef4orf4helpful.
b. af4positivef4development,f4becausef4itf4meansf4thatf4theyf4willf4nof4longerf4needf4tof4retainf4lawyersf4a
sf4partf4off4theirf4team.
c. af4negativef4development,f4becausef4accessingf4thisf4informationf4tendsf4tof4bef4moref4costlyf4thanf4ret
ainingf4af4lawyer.
d. af4positivef4development,f4becausef4itf4providesf4greaterf4accessf4tof4informationf4theyf4canf4usef4as
f4partf4off4their f4decision-makingf4process.
e. af4neutralf4development,f4becausef4lawyersf4aref4stillf4thef4onlyf4onesf4ablef4tof4accessf4thisf4information.
6. Whenf4searchingf4onlinef4forf4legalf4information,f4itf4isf4bestf4to
a. trustf4thatf4iff4itf4isf4publishedf4online,f4itf4mustf4bef4accurate.
b. neverf4trustf4thef4informationf4foundf4onf4af4website.
c. usef4Americanf4sources,f4asf4theyf4tendf4tof4bef4moref4comprehensivef4thanf4Canadianf4ones.
d. gaugef4thef4accuracyf4off4thef4informationf4byf4thef4lookf4off4thef4website.
e. seekf4inputf4fromf4af4lawyerf4whenf4answersf4cannotf4bef4readilyf4found.
7. Sophisticatedf4clients
a. dof4notf4needf4tof4retainf4af4lawyer.
b. knowf4thatf4itf4isf4betterf4tof4hiref4af4lawyerf4thanf4tof4conductf4researchf4onf4one'sf4own.
c. aref4willingf4tof4payf4forf4legalf4advicef4atf4anyf4cost.
d. tendf4tof4bef4embarrassedf4tof4requestf4legalf4advice.
e. havef4thef4skillf4andf4confidencef4tof4findf4basicf4legalf4information.
