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Exam (elaborations)

Business Law in Canada 10th Edition – Test Bank

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  • August 26, 2024
  • 67
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business law
  • Business law
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Business Law in Canada 10th Edition –
Test Bank

To purchase this Complete Test Bank with Answers Click the
link Below

https://quizsolutions.site/product/business-law-in-canada-10th-edition-test-bank/



If face any problem or Further information contact us At Exambanks123@gmail.com




Business Law in Canada 10th Edition – Test Bank

Order will Be Deliver in 8 To 10 Hours

For Further Information Contact Us
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Sample Questions




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.
2. only necessary for large companies.
3. a good alternative to becoming a sophisticated client.
4. a legal requirement prior to incorporating a business.
5. a critical component of being a sophisticated client.


Answer: e
Diff: 3
Type: MC
Topic: Ch. 1 – Becoming a Sophisticated Client
Skill: Applied
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”


7) William Shakespeare’s Henry VI, Part II includes the line “The first thing we
do, let’s kill all the lawyers.” The president of the Canadian Bar Association
interpreted this quotation as

1. a comment on the importance of the “rule of law.”
2. a lawyer-bashing joke.
3. a threat to all members of the legal profession.

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