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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
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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
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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
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
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