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
,Chp71.p7Managingp7Yourp7Legalp7Affairs
1. Inp7thep7contextp7ofp7ap7sophisticatedp7client,p7"sophisticated"p7canp7bestp7bep7definedp7as
a. complicated,p7self-reliant,p7andp7cosmopolitan.
b. refinedp7andp7cultured.
c. simplep7andp7naïve.
d. confident,p7knowledgeable,p7andp7upp7top7date.
e. aggressive,p7dynamic,p7andp7forceful.
2. Whichp7ofp7thep7followingp7bestp7describesp7thep7likelihoodp7ofp7ap7studentp7becomingp7in
volvedp7inp7ap7situationp7necessitatingp7legalp7advice?
, a. Ap7student,p7orp7someonep7closep7top7ap7student,p7sometimesp7becomesp7involvedp7inp7suchp7ap7situation.
b. Ap7student,p7orp7someonep7closep7top7thep7student,p7willp7alwaysp7becomep7involvedp7inp7suchp7ap7situation.
c. Becausep7studentsp7arep7notp7businessp7people,p7theyp7neverp7becomep7involvedp7inp7suchp7situations.
d. Becausep7studentsp7cannotp7bep7sophisticated,p7theyp7willp7oftenp7becomep7involvedp7inp7suchp7situations.
e. Legalp7advicep7isp7notp7availablep7top7students.
3. Ramanp7isp7ap7sophisticatedp7client.p7Thisp7meansp7thatp7she
a. understandsp7howp7top7managep7ap7lawyer-clientp7relationship.
b. hasp7ap7lawp7degree.
c. isp7ap7smallp7businessp7owner.
d. managesp7herp7legalp7affairsp7withoutp7assistancep7fromp7ap7lawyer.
e. willp7probablyp7neverp7findp7herselfp7inp7ap7situationp7necessitatingp7legalp7advice.
4. Whichp7ofp7thep7followingp7isp7notp7ap7goodp7reasonp7forp7ap7businesspersonp7top7seekp7advicep7fromp7ap7lawye
r?
a. Thep7businesspersonp7cannotp7findp7thep7necessaryp7legalp7information.
b. Thep7businesspersonp7cannotp7understandp7thep7necessaryp7legalp7information.
c. Thep7necessaryp7legalp7informationp7isp7availablep7online.
d. Itp7wouldp7takep7toop7longp7forp7thep7businesspersonp7top7findp7thep7necessaryp7legalp7information.
e. Thep7businesspersonp7isp7facingp7criminalp7charges.
5. Forp7sophisticatedp7clients,p7thep7availabilityp7ofp7anp7abundancep7ofp7legalp7informationp7onlinep7i
s
a. ap7negativep7development,p7becausep7onlinep7informationp7isp7rarelyp7accuratep7orp7helpful.
b. ap7positivep7development,p7becausep7itp7meansp7thatp7theyp7willp7nop7longerp7needp7top7retainp7lawye
rsp7asp7partp7ofp7theirp7team.
c. ap7negativep7development,p7becausep7accessingp7thisp7informationp7tendsp7top7bep7morep7costlyp7thanp7
retainingp7ap7lawyer.
d. ap7positivep7development,p7becausep7itp7providesp7greaterp7accessp7top7informationp7theyp7canp7use
p7asp7partp7ofp7theirp7decision-makingp7process.
e. ap7neutralp7development,p7becausep7lawyersp7arep7stillp7thep7onlyp7onesp7ablep7top7accessp7thisp7information.
6. Whenp7searchingp7onlinep7forp7legalp7information,p7itp7isp7bestp7to
a. trustp7thatp7ifp7itp7isp7publishedp7online,p7itp7mustp7bep7accurate.
b. neverp7trustp7thep7informationp7foundp7onp7ap7website.
c. usep7Americanp7sources,p7asp7theyp7tendp7top7bep7morep7comprehensivep7thanp7Canadianp7ones.
d. gaugep7thep7accuracyp7ofp7thep7informationp7byp7thep7lookp7ofp7thep7website.
e. seekp7inputp7fromp7ap7lawyerp7whenp7answersp7cannotp7bep7readilyp7found.
7. Sophisticatedp7clients
a. dop7notp7needp7top7retainp7ap7lawyer.
b. knowp7thatp7itp7isp7betterp7top7hirep7ap7lawyerp7thanp7top7conductp7researchp7onp7one'sp7own.
c. arep7willingp7top7payp7forp7legalp7advicep7atp7anyp7cost.
d. tendp7top7bep7embarrassedp7top7requestp7legalp7advice.
e. havep7thep7skillp7andp7confidencep7top7findp7basicp7legalp7information.
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
,Chp71.p7Managingp7Yourp7Legalp7Affairs
1. Inp7thep7contextp7ofp7ap7sophisticatedp7client,p7"sophisticated"p7canp7bestp7bep7definedp7as
a. complicated,p7self-reliant,p7andp7cosmopolitan.
b. refinedp7andp7cultured.
c. simplep7andp7naïve.
d. confident,p7knowledgeable,p7andp7upp7top7date.
e. aggressive,p7dynamic,p7andp7forceful.
2. Whichp7ofp7thep7followingp7bestp7describesp7thep7likelihoodp7ofp7ap7studentp7becomingp7in
volvedp7inp7ap7situationp7necessitatingp7legalp7advice?
, a. Ap7student,p7orp7someonep7closep7top7ap7student,p7sometimesp7becomesp7involvedp7inp7suchp7ap7situation.
b. Ap7student,p7orp7someonep7closep7top7thep7student,p7willp7alwaysp7becomep7involvedp7inp7suchp7ap7situation.
c. Becausep7studentsp7arep7notp7businessp7people,p7theyp7neverp7becomep7involvedp7inp7suchp7situations.
d. Becausep7studentsp7cannotp7bep7sophisticated,p7theyp7willp7oftenp7becomep7involvedp7inp7suchp7situations.
e. Legalp7advicep7isp7notp7availablep7top7students.
3. Ramanp7isp7ap7sophisticatedp7client.p7Thisp7meansp7thatp7she
a. understandsp7howp7top7managep7ap7lawyer-clientp7relationship.
b. hasp7ap7lawp7degree.
c. isp7ap7smallp7businessp7owner.
d. managesp7herp7legalp7affairsp7withoutp7assistancep7fromp7ap7lawyer.
e. willp7probablyp7neverp7findp7herselfp7inp7ap7situationp7necessitatingp7legalp7advice.
4. Whichp7ofp7thep7followingp7isp7notp7ap7goodp7reasonp7forp7ap7businesspersonp7top7seekp7advicep7fromp7ap7lawye
r?
a. Thep7businesspersonp7cannotp7findp7thep7necessaryp7legalp7information.
b. Thep7businesspersonp7cannotp7understandp7thep7necessaryp7legalp7information.
c. Thep7necessaryp7legalp7informationp7isp7availablep7online.
d. Itp7wouldp7takep7toop7longp7forp7thep7businesspersonp7top7findp7thep7necessaryp7legalp7information.
e. Thep7businesspersonp7isp7facingp7criminalp7charges.
5. Forp7sophisticatedp7clients,p7thep7availabilityp7ofp7anp7abundancep7ofp7legalp7informationp7onlinep7i
s
a. ap7negativep7development,p7becausep7onlinep7informationp7isp7rarelyp7accuratep7orp7helpful.
b. ap7positivep7development,p7becausep7itp7meansp7thatp7theyp7willp7nop7longerp7needp7top7retainp7lawye
rsp7asp7partp7ofp7theirp7team.
c. ap7negativep7development,p7becausep7accessingp7thisp7informationp7tendsp7top7bep7morep7costlyp7thanp7
retainingp7ap7lawyer.
d. ap7positivep7development,p7becausep7itp7providesp7greaterp7accessp7top7informationp7theyp7canp7use
p7asp7partp7ofp7theirp7decision-makingp7process.
e. ap7neutralp7development,p7becausep7lawyersp7arep7stillp7thep7onlyp7onesp7ablep7top7accessp7thisp7information.
6. Whenp7searchingp7onlinep7forp7legalp7information,p7itp7isp7bestp7to
a. trustp7thatp7ifp7itp7isp7publishedp7online,p7itp7mustp7bep7accurate.
b. neverp7trustp7thep7informationp7foundp7onp7ap7website.
c. usep7Americanp7sources,p7asp7theyp7tendp7top7bep7morep7comprehensivep7thanp7Canadianp7ones.
d. gaugep7thep7accuracyp7ofp7thep7informationp7byp7thep7lookp7ofp7thep7website.
e. seekp7inputp7fromp7ap7lawyerp7whenp7answersp7cannotp7bep7readilyp7found.
7. Sophisticatedp7clients
a. dop7notp7needp7top7retainp7ap7lawyer.
b. knowp7thatp7itp7isp7betterp7top7hirep7ap7lawyerp7thanp7top7conductp7researchp7onp7one'sp7own.
c. arep7willingp7top7payp7forp7legalp7advicep7atp7anyp7cost.
d. tendp7top7bep7embarrassedp7top7requestp7legalp7advice.
e. havep7thep7skillp7andp7confidencep7top7findp7basicp7legalp7information.
