Test Bank-
Business Law in Canada Author: Richard A. Yates
13th Edition
,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
,Business Law In Canada, 13e (Yates) Chapter 1 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. Answer: D
Difficulty: 1 Type: MC Page reference: 2
Topic: Ch. 1 - Becoming A Sophisticated Client Skill: Recall
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
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 Involved 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 Will Often Become Involved In Such Situations.
E) Legal Advice Is Not Available To Students. Answer: A
Difficulty: 1 Type: MC Page reference: 2
Topic: Ch. 1 - "I Think I Need Legal Advice..." Skill: Applied
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
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. Answer: B
Difficulty: 2 Type: MC Page reference: 2
Topic: Ch. 1 - "I Think I Need Legal Advice..." Skill: Applied
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
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. Answer: E
Difficulty: 3 Type: MC Page reference: 3
Topic: Ch. 1 - Becoming A Sophisticated Client Skill: Applied
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
5) Which Of The Following Best Describes The Role Of 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.
Answer: B
Difficulty: 2 Type: MC Page reference: 3 Topic: Ch. 1 - The Role Of The Lawyer Skill: Recall
Objective: Chapter 1: 2. Examine The Role Of The Lawyer. Bloom's Taxonomy: Knowledge
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 Solicitor-Client Relationship.
Business Law in Canada Author: Richard A. Yates
13th Edition
,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
,Business Law In Canada, 13e (Yates) Chapter 1 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. Answer: D
Difficulty: 1 Type: MC Page reference: 2
Topic: Ch. 1 - Becoming A Sophisticated Client Skill: Recall
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
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 Involved 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 Will Often Become Involved In Such Situations.
E) Legal Advice Is Not Available To Students. Answer: A
Difficulty: 1 Type: MC Page reference: 2
Topic: Ch. 1 - "I Think I Need Legal Advice..." Skill: Applied
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
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. Answer: B
Difficulty: 2 Type: MC Page reference: 2
Topic: Ch. 1 - "I Think I Need Legal Advice..." Skill: Applied
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
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. Answer: E
Difficulty: 3 Type: MC Page reference: 3
Topic: Ch. 1 - Becoming A Sophisticated Client Skill: Applied
Objective: Chapter 1: 1. Explain The Meaning Of "Sophisticated Client." Bloom's Taxonomy: Knowledge
5) Which Of The Following Best Describes The Role Of 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.
Answer: B
Difficulty: 2 Type: MC Page reference: 3 Topic: Ch. 1 - The Role Of The Lawyer Skill: Recall
Objective: Chapter 1: 2. Examine The Role Of The Lawyer. Bloom's Taxonomy: Knowledge
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 Solicitor-Client Relationship.
