TEST BANK
All Chapters Included
, 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
, ANSWERS ARE AT THE END OF EACH CHAPTER
Ch 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.
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.
3. Raman is a sophisticated client. This means that she
a. understands how to manage a lawyer-client relationship.
b. has a law degree.
c. is a small business owner.
d. manages her legal affairs without assistance from a lawyer.
e. will probably never find herself in a situation necessitating legal advice.
4. Which of the following is not a good reason for a businessperson to seek advice
from a lawyer?
a. The businessperson cannot find the necessary legal information.
b. The businessperson cannot understand the necessary legal information.
c. The necessary legal information is available online.
d. It would take too long for the businessperson to find the necessary legal
information.
e. The businessperson is facing criminal charges.
5. For sophisticated clients, the availability of an abundance of legal information
online is
a. a negative development, because online information is rarely accurate or helpful.
b. a positive development, because it means that they will no longer need to
retain lawyers as part of their team.
c. a negative development, because accessing this information tends to be more
costly than retaining a lawyer.
d. a positive development, because it provides greater access to information
they can use as part of their decision-making process.
e. a neutral development, because lawyers are still the only ones able to access this
information.
6. When searching online for legal information, it is best to
a. trust that if it is published online, it must be accurate.
, b. never trust the information found on a website.
c. use American sources, as they tend to be more comprehensive than Canadian
ones.
d. gauge the accuracy of the information by the look of the website.
e. seek input from a lawyer when answers cannot be readily found.
7. Sophisticated clients
a. do not need to retain a lawyer.
b. know that it is better to hire a lawyer than to conduct research on one's own.
c. are willing to pay for legal advice at any cost.
d. tend to be embarrassed to request legal advice.
e. have the skill and confidence to find basic legal information.
All Chapters Included
, 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
, ANSWERS ARE AT THE END OF EACH CHAPTER
Ch 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.
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.
3. Raman is a sophisticated client. This means that she
a. understands how to manage a lawyer-client relationship.
b. has a law degree.
c. is a small business owner.
d. manages her legal affairs without assistance from a lawyer.
e. will probably never find herself in a situation necessitating legal advice.
4. Which of the following is not a good reason for a businessperson to seek advice
from a lawyer?
a. The businessperson cannot find the necessary legal information.
b. The businessperson cannot understand the necessary legal information.
c. The necessary legal information is available online.
d. It would take too long for the businessperson to find the necessary legal
information.
e. The businessperson is facing criminal charges.
5. For sophisticated clients, the availability of an abundance of legal information
online is
a. a negative development, because online information is rarely accurate or helpful.
b. a positive development, because it means that they will no longer need to
retain lawyers as part of their team.
c. a negative development, because accessing this information tends to be more
costly than retaining a lawyer.
d. a positive development, because it provides greater access to information
they can use as part of their decision-making process.
e. a neutral development, because lawyers are still the only ones able to access this
information.
6. When searching online for legal information, it is best to
a. trust that if it is published online, it must be accurate.
, b. never trust the information found on a website.
c. use American sources, as they tend to be more comprehensive than Canadian
ones.
d. gauge the accuracy of the information by the look of the website.
e. seek input from a lawyer when answers cannot be readily found.
7. Sophisticated clients
a. do not need to retain a lawyer.
b. know that it is better to hire a lawyer than to conduct research on one's own.
c. are willing to pay for legal advice at any cost.
d. tend to be embarrassed to request legal advice.
e. have the skill and confidence to find basic legal information.
