100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Solution Manual For Managing the Law The Legal Aspects of Doing Business, Canadian Edition, 6th Edition by Mitchell McInnes, Ian R. Kerr, J Anthony VanDuzer, Malcolm Lavoie Chapter 1-27 $17.69   Add to cart

Exam (elaborations)

Solution Manual For Managing the Law The Legal Aspects of Doing Business, Canadian Edition, 6th Edition by Mitchell McInnes, Ian R. Kerr, J Anthony VanDuzer, Malcolm Lavoie Chapter 1-27

 4 views  0 purchase
  • Course
  • Solution Manual
  • Institution
  • Solution Manual

Solution Manual For Managing the Law The Legal Aspects of Doing Business, Canadian Edition, 6th Edition by Mitchell McInnes, Ian R. Kerr, J Anthony VanDuzer, Malcolm Lavoie Chapter 1-27

Preview 4 out of 36  pages

  • September 13, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Solution Manual
  • Solution Manual
avatar-seller
Alvon
Solution Manual For Managing the
Law




1. What is the primary purpose of contract law in business transactions?
A. To regulate employee benefits
B. To enforce promises made in business agreements
C. To set tax rates for businesses
D. To protect intellectual property


Answer: B. To enforce promises made in business agreements


2. Which of the following is an example of a legal entity that can own property and
be held liable for debts?

,A. Sole Proprietorship
B. Partnership
C. Corporation
D. Sole Trader


Answer: C. Corporation


3. In Canadian law, what is the term for a legal agreement that involves an exchange
of consideration?
A. Gratuitous Promise
B. Unilateral Contract
C. Bilateral Contract
D. Conditional Promise


Answer: C. Bilateral Contract


4. What is the primary purpose of intellectual property law?
A. To regulate business transactions
B. To protect creative works and inventions
C. To enforce corporate governance
D. To handle employment disputes


Answer: B. To protect creative works and inventions


5. Which of the following is a requirement for a valid contract?
A. The agreement must be in writing
B. Both parties must be adults
C. The consideration must be monetary
D. The contract must be signed by a lawyer


Answer: B. Both parties must be adults

,6. What does the term "fiduciary duty" refer to in the context of corporate
governance?
A. The duty to follow government regulations
B. The duty to act in the best interest of the company and its shareholders
C. The duty to ensure company profits
D. The duty to comply with employment laws


Answer: B. The duty to act in the best interest of the company and its shareholders7.
Which of the following is true about the doctrine of "vicarious liability"?
A. It holds an employee liable for their employer's actions
B. It holds an employer liable for the actions of their employees performed within
the scope of employment
C. It applies only to criminal actions
D. It limits liability to corporate officers only


Answer: B. It holds an employer liable for the actions of their employees performed
within the scope of employment


8. What is a "breach of contract"?
A. A failure to meet legal requirements for business operation
B. The failure of one party to perform their obligations under a contract
C. The dissolution of a business partnership
D. A violation of regulatory compliance


Answer: B. The failure of one party to perform their obligations under a contract


9. What is the primary focus of employment law?
A. Regulating corporate mergers
B. Protecting employees' rights and ensuring fair treatment in the workplace
C. Governing international trade agreements
D. Overseeing corporate financial disclosures

, Answer: B. Protecting employees' rights and ensuring fair treatment in the
workplace


10. In Canadian contract law, which of the following is NOT a recognized form of
consideration?
A. Money
B. Goods
C. Services
D. Love and affection


Answer: D. Love and affection


11. What is the main purpose of the Canadian Anti-Spam Legislation (CASL)?
A. To regulate intellectual property rights
B. To control spam and unsolicited commercial electronic messages
C. To govern corporate financial practices
D. To ensure fair competition in the marketplace


Answer: B. To control spam and unsolicited commercial electronic messages


12. Which type of business structure provides the advantage of limited liability to its
owners?
A. General Partnership
B. Sole Proprietorship
C. Limited Liability Partnership (LLP)
D. Joint Venture


Answer: C. Limited Liability Partnership (LLP)


13. Under Canadian law, what is required for a business to legally collect and use
personal information?
A. The business must obtain express consent from individuals

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Alvon. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.69. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.69
  • (0)
  Add to cart