Exam (elaborations)

Managing the Law, The Legal Aspects of Doing Business 6th Canadian Edition by McInnes; VanDuzer; Lavoie; Kerr |TEST BANK - All Chapters 1-27.

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Managing the Law 6th Edition The Legal Aspects

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Managing The Law 6th Edition The Legal Aspects

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Managing the Law

TEST BANK for Managing the Law 6th Edition The Legal Aspects of Doing Business (Canadian Edition) by Mitchell McInnes; J. Anthony VanDuzer; Malcolm Lavoie; Ian R. Kerr. ISBN 4089. 9Complete Chapters 1-27. Chapter 01: Risk Management and Sources of Law True/False Questions Page : 29 in Chapter 1 of ...

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test bank for managing the law 6th edition the legal aspects of doing business canadian edition by mitchell mcinnes j anthony vanduzer malcolm lavoie ian r kerr isbn 9780137314089 complete ch

Book Title:Managing the Law

Author(s):Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

Edition:2017
ISBN:9780133847154
Edition:Unknown

Module
Managing the Law 6th Edition The Legal Aspects

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,Managing the Law, 6e (McInnes)
Chapter 01: Risk Management and Sources of Law

True/False Questions

1. The law can affect a business both positively and negatively. It often prohibits actions that otherwise
would be possible. However, it sometimes permits parties to do something that they could not otherwise
do.
a True
b False

Difficulty: 2
QuestionID: 01-1-01
Topic: Why Study Law?
Skill: Recall

Answer: a. True

2. Beta Inc has recently discovered that a defect in one of its products poses a risk of injury to consumers.
Its only option, from a legal risk management perspective, is to eliminate the risk of liability by removing
the product from the market.
a True
b False

Difficulty: 2
QuestionID: 01-1-02
Topic: Risk Management
Skill: Applied

Answer: b. False

3. As described in the text, the four forms of risk management are risk avoidance, risk elimination, risk
transfer, and risk acceptance.
a True
b False

Difficulty: 1
QuestionID: 01-1-03
Topic: Risk Management
Skill: Recall

Answer: b. False

4. Sabeka Inc has discovered that one of its products may cause consumers to suffer a certain form of
property damage. In response to that risk, the company has written an exclusion clause into its sales
contracts. In doing so, it has adopted a form of risk management known as risk shifting.

1
© 2023 Pearson Canada Inc.

,a True
b False

Difficulty: 2
QuestionID: 01-1-04
Topic: Risk Management
Skill: Applied

Answer: a. True

5. Jahume Ltd operates as an Internet service provider. It has retained Alison to work as in-house
counsel. Following an increasingly common trend, this means that she will work for the company from
her own home, rather than from a traditional law firm office.
a True
b False

Difficulty: 2
QuestionID: 01-1-05
Topic: Risk Management
Skill: Applied

Answer: b. False

6. Quebec is said to be a "civil law system" because it is derived from the legal system that governed the
citizens of ancient Greece.
a True
b False

Difficulty: 3
QuestionID: 01-1-06
Topic: Map of the Law
Skill: Recall

Answer: b. False

7. "Administrative law" derives its name from the fact that it is concerned with the administration of the
trial courts and appellate courts.
a True
b False

Difficulty: 1
QuestionID: 01-1-07
Topic: Map of the Law
Skill: Recall

Answer: b. False

2
© 2023 Pearson Canada Inc.

, 8. Bianca punched Mick. She now finds herself in court. The person who has brought the claim for
damages against her is Mick himself. It is safe to assume that the court is concerned with a private law
issue, rather than a criminal law issue.
a True
b False

Difficulty: 1
QuestionID: 01-1-08
Topic: Map of the Law
Skill: Applied

Answer: a. True

9. Glimmer Co recently received a tax assessment with which it disagrees. It does not believe that it
should be required to pay the full amount of the demand. If it challenges the assessment, the case will fall
into the category of "public law" even though the company is a private corporation.
a True
b False

Difficulty: 3
QuestionID: 01-1-09
Topic: Map of the Law
Skill: Applied

Answer: a. True

10. Bastarache & Michel is a law firm in your province. Although it occasionally has clients from other
jurisdictions, the vast majority of its work comes from within your province. Your legislature recently
enacted a statute that imposes a 5% tax on the "sale of professional services, including … legal services."
As that wording suggests, the statute treats Bastarache & Michel as the taxpayer, even if the firm adds
the cost of the tax onto the fees that it charges to its clients. The new tax is probably intra vires and valid
because most professionals provide services in only one province.
a True
b False

Difficulty: 3
QuestionID: 01-1-10
Topic: Map of the Law
Skill: Applied

Answer: b. False

11. Because of the need to ensure that the fundamental rules for governing the country are kept up to
date, the Constitution (unlike most statutes) is quite easily amended.
a True

3
© 2023 Pearson Canada Inc.

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Exam (elaborations)

Managing the Law, The Legal Aspects of Doing Business 6th Canadian Edition by McInnes; VanDuzer; Lavoie; Kerr |TEST BANK - All Chapters 1-27.

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