TEST BANK Business Law in Canada 13 Edition by Ric
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hard Yates Chapters 1-16
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,TABLE OF CONTENT
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1. Managing Your Legal Affairs j j j
2. Introduction to the Legal System j j j j
3. The Resolution of Disputes: The Courts and Alternatives to Litigation
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4. Intentional Torts and Torts Impacting Business
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5. Negligence, Professional Liability, and Insurance
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6. The Elements of a Contract: Consensus and Consideration
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7. The Elements of a Contract: Capacity, Legality, and Intention
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8. Factors Affecting the Contractual Relationship
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9. The End of the Contractual Relationship
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10. Agency and Partnership j j
11. Corporations
12. Employment
13. Intellectual Property j
14. Real and Personal Property and Protection of the Environment
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15. Priority of Creditors
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16. Sales and Consumer Protection
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,Chj1.jManagingjYourjLegaljAffairs
1. Injthejcontextjofjajsophisticatedjclient,j"sophisticated"jcanjbestjbejdefinedjas
a. complicated,jself-reliant,jandjcosmopolitan.
b. refinedjandjcultured.
c. simplejandjnaïve.
d. confident,jknowledgeable,jandjupjtojdate.
e. aggressive,jdynamic,jandjforceful.
2. Whichjofjthejfollowingjbestjdescribesjthejlikelihoodjofjajstudentjbecomingjinvolvedjinjajsitu
ationjnecessitatingjlegaljadvice?
, a. Ajstudent,jorjsomeonejclosejtojajstudent,jsometimesjbecomesjinvolvedjinjsuchjajsituation.
b. Ajstudent,jorjsomeonejclosejtojthejstudent,jwilljalwaysjbecomejinvolvedjinjsuchjajsituation.
c. Becausejstudentsjarejnotjbusinessjpeople,jtheyjneverjbecomejinvolvedjinjsuchjsituations.
d. Becausejstudentsjcannotjbejsophisticated,jtheyjwilljoftenjbecomejinvolvedjinjsuchjsituations.
e. Legaljadvicejisjnotjavailablejtojstudents.
3. Ramanjisjajsophisticatedjclient.jThisjmeansjthatjshe
a. understandsjhowjtojmanagejajlawyer-clientjrelationship.
b. hasjajlawjdegree.
c. isjajsmalljbusinessjowner.
d. managesjherjlegaljaffairsjwithoutjassistancejfromjajlawyer.
e. willjprobablyjneverjfindjherselfjinjajsituationjnecessitatingjlegaljadvice.
4. Whichjofjthejfollowingjisjnotjajgoodjreasonjforjajbusinesspersonjtojseekjadvicejfromjajlawyer?
a. Thejbusinesspersonjcannotjfindjthejnecessaryjlegaljinformation.
b. Thejbusinesspersonjcannotjunderstandjthejnecessaryjlegaljinformation.
c. Thejnecessaryjlegaljinformationjisjavailablejonline.
d. Itjwouldjtakejtoojlongjforjthejbusinesspersonjtojfindjthejnecessaryjlegaljinformation.
e. Thejbusinesspersonjisjfacingjcriminaljcharges.
5. Forjsophisticatedjclients,jthejavailabilityjofjanjabundancejofjlegaljinformationjonlinejis
a. ajnegativejdevelopment,jbecausejonlinejinformationjisjrarelyjaccuratejorjhelpful.
b. ajpositivejdevelopment,jbecausejitjmeansjthatjtheyjwilljnojlongerjneedjtojretainjlawyersjasjpartjofjtheirj
team.
c. ajnegativejdevelopment,jbecausejaccessingjthisjinformationjtendsjtojbejmorejcostlyjthanjretainingjajlaw
yer.
d. ajpositivejdevelopment,jbecausejitjprovidesjgreaterjaccessjtojinformationjtheyjcanjusejasjpartjofjthei
rjdecision-makingjprocess.
e. ajneutraljdevelopment,jbecausejlawyersjarejstilljthejonlyjonesjablejtojaccessjthisjinformation.
6. Whenjsearchingjonlinejforjlegaljinformation,jitjisjbestjto
a. trustjthatjifjitjisjpublishedjonline,jitjmustjbejaccurate.
b. neverjtrustjthejinformationjfoundjonjajwebsite.
c. usejAmericanjsources,jasjtheyjtendjtojbejmorejcomprehensivejthanjCanadianjones.
d. gaugejthejaccuracyjofjthejinformationjbyjthejlookjofjthejwebsite.
e. seekjinputjfromjajlawyerjwhenjanswersjcannotjbejreadilyjfound.
7. Sophisticatedjclients
a. dojnotjneedjtojretainjajlawyer.
b. knowjthatjitjisjbetterjtojhirejajlawyerjthanjtojconductjresearchjonjone'sjown.
c. arejwillingjtojpayjforjlegaljadvicejatjanyjcost.
d. tendjtojbejembarrassedjtojrequestjlegaljadvice.
e. havejthejskilljandjconfidencejtojfindjbasicjlegaljinformation.
j j j j j j j j j
hard Yates Chapters 1-16
j j j
,TABLE OF CONTENT
j j
1. Managing Your Legal Affairs j j j
2. Introduction to the Legal System j j j j
3. The Resolution of Disputes: The Courts and Alternatives to Litigation
j j j j j j j j j
4. Intentional Torts and Torts Impacting Business
j j j j j
5. Negligence, Professional Liability, and Insurance
j j j j
6. The Elements of a Contract: Consensus and Consideration
j j j j j j j
7. The Elements of a Contract: Capacity, Legality, and Intention
j j j j j j j j
8. Factors Affecting the Contractual Relationship
j j j j
9. The End of the Contractual Relationship
j j j j j
10. Agency and Partnership j j
11. Corporations
12. Employment
13. Intellectual Property j
14. Real and Personal Property and Protection of the Environment
j j j j j j j j
15. Priority of Creditors
j j
16. Sales and Consumer Protection
j j j
,Chj1.jManagingjYourjLegaljAffairs
1. Injthejcontextjofjajsophisticatedjclient,j"sophisticated"jcanjbestjbejdefinedjas
a. complicated,jself-reliant,jandjcosmopolitan.
b. refinedjandjcultured.
c. simplejandjnaïve.
d. confident,jknowledgeable,jandjupjtojdate.
e. aggressive,jdynamic,jandjforceful.
2. Whichjofjthejfollowingjbestjdescribesjthejlikelihoodjofjajstudentjbecomingjinvolvedjinjajsitu
ationjnecessitatingjlegaljadvice?
, a. Ajstudent,jorjsomeonejclosejtojajstudent,jsometimesjbecomesjinvolvedjinjsuchjajsituation.
b. Ajstudent,jorjsomeonejclosejtojthejstudent,jwilljalwaysjbecomejinvolvedjinjsuchjajsituation.
c. Becausejstudentsjarejnotjbusinessjpeople,jtheyjneverjbecomejinvolvedjinjsuchjsituations.
d. Becausejstudentsjcannotjbejsophisticated,jtheyjwilljoftenjbecomejinvolvedjinjsuchjsituations.
e. Legaljadvicejisjnotjavailablejtojstudents.
3. Ramanjisjajsophisticatedjclient.jThisjmeansjthatjshe
a. understandsjhowjtojmanagejajlawyer-clientjrelationship.
b. hasjajlawjdegree.
c. isjajsmalljbusinessjowner.
d. managesjherjlegaljaffairsjwithoutjassistancejfromjajlawyer.
e. willjprobablyjneverjfindjherselfjinjajsituationjnecessitatingjlegaljadvice.
4. Whichjofjthejfollowingjisjnotjajgoodjreasonjforjajbusinesspersonjtojseekjadvicejfromjajlawyer?
a. Thejbusinesspersonjcannotjfindjthejnecessaryjlegaljinformation.
b. Thejbusinesspersonjcannotjunderstandjthejnecessaryjlegaljinformation.
c. Thejnecessaryjlegaljinformationjisjavailablejonline.
d. Itjwouldjtakejtoojlongjforjthejbusinesspersonjtojfindjthejnecessaryjlegaljinformation.
e. Thejbusinesspersonjisjfacingjcriminaljcharges.
5. Forjsophisticatedjclients,jthejavailabilityjofjanjabundancejofjlegaljinformationjonlinejis
a. ajnegativejdevelopment,jbecausejonlinejinformationjisjrarelyjaccuratejorjhelpful.
b. ajpositivejdevelopment,jbecausejitjmeansjthatjtheyjwilljnojlongerjneedjtojretainjlawyersjasjpartjofjtheirj
team.
c. ajnegativejdevelopment,jbecausejaccessingjthisjinformationjtendsjtojbejmorejcostlyjthanjretainingjajlaw
yer.
d. ajpositivejdevelopment,jbecausejitjprovidesjgreaterjaccessjtojinformationjtheyjcanjusejasjpartjofjthei
rjdecision-makingjprocess.
e. ajneutraljdevelopment,jbecausejlawyersjarejstilljthejonlyjonesjablejtojaccessjthisjinformation.
6. Whenjsearchingjonlinejforjlegaljinformation,jitjisjbestjto
a. trustjthatjifjitjisjpublishedjonline,jitjmustjbejaccurate.
b. neverjtrustjthejinformationjfoundjonjajwebsite.
c. usejAmericanjsources,jasjtheyjtendjtojbejmorejcomprehensivejthanjCanadianjones.
d. gaugejthejaccuracyjofjthejinformationjbyjthejlookjofjthejwebsite.
e. seekjinputjfromjajlawyerjwhenjanswersjcannotjbejreadilyjfound.
7. Sophisticatedjclients
a. dojnotjneedjtojretainjajlawyer.
b. knowjthatjitjisjbetterjtojhirejajlawyerjthanjtojconductjresearchjonjone'sjown.
c. arejwillingjtojpayjforjlegaljadvicejatjanyjcost.
d. tendjtojbejembarrassedjtojrequestjlegaljadvice.
e. havejthejskilljandjconfidencejtojfindjbasicjlegaljinformation.
