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
,Ch7v1.7vManaging7vYour7vLegal7vAffairs
1. In7vthe7vcontext7vof7va7vsophisticated7vclient,7v"sophisticated"7vcan7vbest7vbe7vdefined7vas
a. complicated,7vself-reliant,7vand7vcosmopolitan.
b. refined7vand7vcultured.
c. simple7vand7vnaïve.
d. confident,7vknowledgeable,7vand7vup7vto7vdate.
e. aggressive,7vdynamic,7vand7vforceful.
2. Which7vof7vthe7vfollowing7vbest7vdescribes7vthe7vlikelihood7vof7va7vstudent7vbecoming7vinv
olved7vin7va7vsituation7vnecessitating7vlegal7vadvice?
, a. A7vstudent,7vor7vsomeone7vclose7vto7va7vstudent,7vsometimes7vbecomes7vinvolved7vin7vsuch7va7vsituation.
b. A7vstudent,7vor7vsomeone7vclose7vto7vthe7vstudent,7vwill7valways7vbecome7vinvolved7vin7vsuch7va7vsituation.
c. Because7vstudents7vare7vnot7vbusiness7vpeople,7vthey7vnever7vbecome7vinvolved7vin7vsuch7vsituations.
d. Because7vstudents7vcannot7vbe7vsophisticated,7vthey7vwill7voften7vbecome7vinvolved7vin7vsuch7vsituations.
e. Legal7vadvice7vis7vnot7vavailable7vto7vstudents.
3. Raman7vis7va7vsophisticated7vclient.7vThis7vmeans7vthat7vshe
a. understands7vhow7vto7vmanage7va7vlawyer-client7vrelationship.
b. has7va7vlaw7vdegree.
c. is7va7vsmall7vbusiness7vowner.
d. manages7vher7vlegal7vaffairs7vwithout7vassistance7vfrom7va7vlawyer.
e. will7vprobably7vnever7vfind7vherself7vin7va7vsituation7vnecessitating7vlegal7vadvice.
4. Which7vof7vthe7vfollowing7vis7vnot7va7vgood7vreason7vfor7va7vbusinessperson7vto7vseek7vadvice7vfrom7va7vlawyer
?
a. The7vbusinessperson7vcannot7vfind7vthe7vnecessary7vlegal7vinformation.
b. The7vbusinessperson7vcannot7vunderstand7vthe7vnecessary7vlegal7vinformation.
c. The7vnecessary7vlegal7vinformation7vis7vavailable7vonline.
d. It7vwould7vtake7vtoo7vlong7vfor7vthe7vbusinessperson7vto7vfind7vthe7vnecessary7vlegal7vinformation.
e. The7vbusinessperson7vis7vfacing7vcriminal7vcharges.
5. For7vsophisticated7vclients,7vthe7vavailability7vof7van7vabundance7vof7vlegal7vinformation7vonline7vis
a. a7vnegative7vdevelopment,7vbecause7vonline7vinformation7vis7vrarely7vaccurate7vor7vhelpful.
b. a7vpositive7vdevelopment,7vbecause7vit7vmeans7vthat7vthey7vwill7vno7vlonger7vneed7vto7vretain7vlawye
rs7vas7vpart7vof7vtheir7vteam.
c. a7vnegative7vdevelopment,7vbecause7vaccessing7vthis7vinformation7vtends7vto7vbe7vmore7vcostly7vthan7v
retaining7va7vlawyer.
d. a7vpositive7vdevelopment,7vbecause7vit7vprovides7vgreater7vaccess7vto7vinformation7vthey7vcan7vuse
7vas7vpart7vof7vtheir7vdecision-making7vprocess.
e. a7vneutral7vdevelopment,7vbecause7vlawyers7vare7vstill7vthe7vonly7vones7vable7vto7vaccess7vthis7vinformation.
6. When7vsearching7vonline7vfor7vlegal7vinformation,7vit7vis7vbest7vto
a. trust7vthat7vif7vit7vis7vpublished7vonline,7vit7vmust7vbe7vaccurate.
b. never7vtrust7vthe7vinformation7vfound7von7va7vwebsite.
c. use7vAmerican7vsources,7vas7vthey7vtend7vto7vbe7vmore7vcomprehensive7vthan7vCanadian7vones.
d. gauge7vthe7vaccuracy7vof7vthe7vinformation7vby7vthe7vlook7vof7vthe7vwebsite.
e. seek7vinput7vfrom7va7vlawyer7vwhen7vanswers7vcannot7vbe7vreadily7vfound.
7. Sophisticated7vclients
a. do7vnot7vneed7vto7vretain7va7vlawyer.
b. know7vthat7vit7vis7vbetter7vto7vhire7va7vlawyer7vthan7vto7vconduct7vresearch7von7vone's7vown.
c. are7vwilling7vto7vpay7vfor7vlegal7vadvice7vat7vany7vcost.
d. tend7vto7vbe7vembarrassed7vto7vrequest7vlegal7vadvice.
e. have7vthe7vskill7vand7vconfidence7vto7vfind7vbasic7vlegal7vinformation.
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
,Ch7v1.7vManaging7vYour7vLegal7vAffairs
1. In7vthe7vcontext7vof7va7vsophisticated7vclient,7v"sophisticated"7vcan7vbest7vbe7vdefined7vas
a. complicated,7vself-reliant,7vand7vcosmopolitan.
b. refined7vand7vcultured.
c. simple7vand7vnaïve.
d. confident,7vknowledgeable,7vand7vup7vto7vdate.
e. aggressive,7vdynamic,7vand7vforceful.
2. Which7vof7vthe7vfollowing7vbest7vdescribes7vthe7vlikelihood7vof7va7vstudent7vbecoming7vinv
olved7vin7va7vsituation7vnecessitating7vlegal7vadvice?
, a. A7vstudent,7vor7vsomeone7vclose7vto7va7vstudent,7vsometimes7vbecomes7vinvolved7vin7vsuch7va7vsituation.
b. A7vstudent,7vor7vsomeone7vclose7vto7vthe7vstudent,7vwill7valways7vbecome7vinvolved7vin7vsuch7va7vsituation.
c. Because7vstudents7vare7vnot7vbusiness7vpeople,7vthey7vnever7vbecome7vinvolved7vin7vsuch7vsituations.
d. Because7vstudents7vcannot7vbe7vsophisticated,7vthey7vwill7voften7vbecome7vinvolved7vin7vsuch7vsituations.
e. Legal7vadvice7vis7vnot7vavailable7vto7vstudents.
3. Raman7vis7va7vsophisticated7vclient.7vThis7vmeans7vthat7vshe
a. understands7vhow7vto7vmanage7va7vlawyer-client7vrelationship.
b. has7va7vlaw7vdegree.
c. is7va7vsmall7vbusiness7vowner.
d. manages7vher7vlegal7vaffairs7vwithout7vassistance7vfrom7va7vlawyer.
e. will7vprobably7vnever7vfind7vherself7vin7va7vsituation7vnecessitating7vlegal7vadvice.
4. Which7vof7vthe7vfollowing7vis7vnot7va7vgood7vreason7vfor7va7vbusinessperson7vto7vseek7vadvice7vfrom7va7vlawyer
?
a. The7vbusinessperson7vcannot7vfind7vthe7vnecessary7vlegal7vinformation.
b. The7vbusinessperson7vcannot7vunderstand7vthe7vnecessary7vlegal7vinformation.
c. The7vnecessary7vlegal7vinformation7vis7vavailable7vonline.
d. It7vwould7vtake7vtoo7vlong7vfor7vthe7vbusinessperson7vto7vfind7vthe7vnecessary7vlegal7vinformation.
e. The7vbusinessperson7vis7vfacing7vcriminal7vcharges.
5. For7vsophisticated7vclients,7vthe7vavailability7vof7van7vabundance7vof7vlegal7vinformation7vonline7vis
a. a7vnegative7vdevelopment,7vbecause7vonline7vinformation7vis7vrarely7vaccurate7vor7vhelpful.
b. a7vpositive7vdevelopment,7vbecause7vit7vmeans7vthat7vthey7vwill7vno7vlonger7vneed7vto7vretain7vlawye
rs7vas7vpart7vof7vtheir7vteam.
c. a7vnegative7vdevelopment,7vbecause7vaccessing7vthis7vinformation7vtends7vto7vbe7vmore7vcostly7vthan7v
retaining7va7vlawyer.
d. a7vpositive7vdevelopment,7vbecause7vit7vprovides7vgreater7vaccess7vto7vinformation7vthey7vcan7vuse
7vas7vpart7vof7vtheir7vdecision-making7vprocess.
e. a7vneutral7vdevelopment,7vbecause7vlawyers7vare7vstill7vthe7vonly7vones7vable7vto7vaccess7vthis7vinformation.
6. When7vsearching7vonline7vfor7vlegal7vinformation,7vit7vis7vbest7vto
a. trust7vthat7vif7vit7vis7vpublished7vonline,7vit7vmust7vbe7vaccurate.
b. never7vtrust7vthe7vinformation7vfound7von7va7vwebsite.
c. use7vAmerican7vsources,7vas7vthey7vtend7vto7vbe7vmore7vcomprehensive7vthan7vCanadian7vones.
d. gauge7vthe7vaccuracy7vof7vthe7vinformation7vby7vthe7vlook7vof7vthe7vwebsite.
e. seek7vinput7vfrom7va7vlawyer7vwhen7vanswers7vcannot7vbe7vreadily7vfound.
7. Sophisticated7vclients
a. do7vnot7vneed7vto7vretain7va7vlawyer.
b. know7vthat7vit7vis7vbetter7vto7vhire7va7vlawyer7vthan7vto7vconduct7vresearch7von7vone's7vown.
c. are7vwilling7vto7vpay7vfor7vlegal7vadvice7vat7vany7vcost.
d. tend7vto7vbe7vembarrassed7vto7vrequest7vlegal7vadvice.
e. have7vthe7vskill7vand7vconfidence7vto7vfind7vbasic7vlegal7vinformation.
