Business Law in Canada 10th Edition – Test Bank

1) A sophisticated client 1. does not require the services of a lawyer. 2. understands the importance of the solicitor–client relationship. 3. distrusts and derides lawyers. 4. is someone with formal legal training. 5. should represent him- or herself, rather than paying for legal services. Answer: b Diff: 2 Type: MC Topic: Ch. 1 – Managing Your Legal Affairs Skill: Recall Objective: Chapter 1: 1.Explain the meaning of “sophisticated client.” 2) Raman is a sophisticated client. This means that she 1. understands how to manage a lawyer–client relationship. 2. has a law degree. 3. is a small business owner. 4. manages her legal affairs without assistance from a lawyer. 5. will probably never find herself in a situation necessitating legal advice. Answer: a Diff: 1 Type: MC Topic: Ch. 1 – Managing Your Legal Affairs Skill: Recall Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.” 3) In the context of a sophisticated client, “sophisticated” can best be defined as 1. complicated, self-reliant, and cosmopolitan. 2. refined and cultured. 3. simple and naive. 4. confident, knowledgeable, and up to date. 5. aggressive, dynamic, and forceful. Answer: d Diff: 1 Type: MC Topic: Ch. 1 – Becoming a Sophisticated Client Skill: Recall Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.” 4) Which of the following best describes the likelihood of a student becoming involved in a situation necessitating legal advice? 1. A student, or someone close to the student, sometimes becomes involved in such a situation. 2. A student, or someone close to the student, will always become involved in such a situation 3. Because students are not businesspeople, they never become involved in such situations. 4. Because students cannot be sophisticated, they will often become involved in such situations. 5. Legal advice is not available to students. Answer: a Diff: 1 Type: MC Topic: Ch. 1 – “I Think I Need Legal Advice …” Skill: Applied Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.” 5) Becoming a sophisticated client will 1. ensure that a businessperson never needs a lawyer. 2. help a businessperson manage her legal affairs more efficiently and effectively. 3. result in a businessperson developing a bias against lawyers. 4. relieve a businessperson from having to conduct legal research. 5. protect a businessperson from needing legal advice. Answer: b Diff: 2 Type: MC Topic: Ch. 1 – “I Think I Need Legal Advice …” Skill: Applied Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.” 6) Having a good lawyer on your team is 1. usually too expensive to be worthwhile.