Business Law (BADM 107) Final Exam
Questions With Verified Answers
Which of the following is the most usable definition of law? - Answers✔A) We must define law
in terms of what society needs people to do.
B) We must define law in terms of what people used to do.
C) We must define law in terms of what the courts will enforce.
D) We must define law in terms of what people do.
E) We must define law in terms of what we think people ought to do.
The custom of following already decided cases is called? - Answers✔A) Ultra vires
B) Civil law system
C) Res judicata
D) Stare decisis
E) Common Law
Which of the following is correct with respect to the role of statutes in our legal system? -
Answers✔A) Once a statute has been interpreted and applied in a court, a subsequent judge in a
lower court is not required to follow that decision if he disagrees with it.
B) A statute, if it is clear and concise and properly passed, will always override common law and
equity.
ALL RIGHTS RESERVED.
C) Only the federal parliament may enact statutes.
D) In Canada, most new law follow the Civil Code legal system.
E) Where a properly passed provincial statute is in conflict with a well-established common-law
principle, the statute will be void.
Fred sold Carole his old MacIntosh computer and the printer with eight programs for $2900.
After she paid $1000, Carole quit paying. When she had no complaint about the computer,
printer or programs but just wouldn't pay, Fred decided to sue. He would most likely begin his
action in: - Answers✔A) B.C Supreme Court
B) Small Claims Division, Provincial Court
C) Federal Court
D) Criminal Division, Provincial Court
E) B.C. Court of Appeal
With regard to the process of a civil law suit, which of the following is true? - Answers✔A) The
"statement of claim" is a document registered by the plaintiff which contains a summary of the
allegations that support the cause of action.
B) A "counterclaim" is an action by the defendant back against the plaintiff.
C) Any admission by the defendant at the examination for discovery can be used against him by
the plaintiff at trial.
D) The plaintiff must prove his case on the balance of probabilities, not beyond a reasonable
doubt.
Contract - Answers✔Agreement between two or more persons to do, or to refrain from doing, a
particular thing in exchange for something of value.
- Verbal or written.
Breach - Answers✔Failure by the party to live up to his/her part of the bargain.
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