Business Ethics and Law Exam Materials
Course Introduction
This course examines the foundational principles of ethical decision-making and legal frameworks within the context of modern business practices. Students will explore the relationship between ethics and the law, analyze real-world scenarios involving corporate responsibility, and discuss the implications of ethical dilemmas in managerial decision-making. The curriculum covers key topics such as corporate governance, regulatory compliance, stakeholder management, and social responsibility, preparing students to recognize and navigate ethical and legal challenges in a global business environment.
Recommended Textbook
Business Law in Canada 10th Canadian Edition by Richard
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16 Chapters
2735 Verified Questions
2735 Flashcards
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Page 2
A. Yates
Chapter 1: Managing Your Legal Affairs
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136 Verified Questions
136 Flashcards
Source URL: https://quizplus.com/quiz/47231
Sample Questions
Q1) When someone refers you to a particular lawyer,you should
A) retain the lawyer regardless of who gave you the referral.
B) ensure the referral is being given by someone you trust.
C) retain the lawyer regardless of his or her area of practice.
D) ensure the referral is from a family member, rather than a mere friend.
E) ignore the referral as irrelevant.
Answer: B
Q2) What are the six core values identified by the Josephson Institute for Ethics?
Answer: trustworthiness,respect,responsibility,fairness,caring,citizenship
Q3) What is a contingency fee arrangement?
Answer: The lawyer is paid a percentage of the amount a client collects from settlement or judgment.If the client does not collect anything,the lawyer does not receive anything.
Q4) What is disbarment?
Answer: Termination of membership in the law society.
Q5) In the lawyer-client relationship,the decision maker is the lawyer,not the client.
A)True
B)False
Answer: False
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Chapter 2: Introduction to the Legal System
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164 Verified Questions
164 Flashcards
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Sample Questions
Q1) Discuss the significance of the passage of the Charter of Rights and Freedoms in Canada's legal system.
Answer: Students should describe the nature of the Charter of Rights and Freedoms,why it was needed,and how it affected the rest of Canada's legal system.Before the Charter,there were few restrictions on government because of supremacy of parliament.There was a need for overall entrenched rights that controlled the actions of government and government officials and agents including the police.It is important that they indicate that the Charter only applies directly to governments but indirectly affects individuals' relations with each other because provincial and federal human rights legislation and other statutes must conform to the Charter.They should show that the Charter shifts power to the courts,that Parliament is no longer supreme,but also that there is an exception with the notwithstanding clause. Students' answers should show that they know what the Charter of Rights and Freedoms is,why it was passed,and that it fundamentally altered the relationship between the courts and Parliament in this county.
Q2) The law of equity was developed in the Court of Chancery.
A)True
B)False
Answer: True
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Page 4
Chapter 3: The Resolution of Disputesthe Courts and Alternatives to Litigation
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220 Verified Questions
220 Flashcards
Source URL: https://quizplus.com/quiz/47233
Sample Questions
Q1) What is meant by "prohibition"?
Answer: Prohibition is an order by the court ordering a decision maker or bureaucrat not to go through with the decision making process and to halt the process.
Q2) Garnishment involves the interception of funds owed to the judgment debtor.
A)True
B)False
Answer: True
Q3) Which of the following is not a rule of natural justice?
A) A person affected by a decision must be notified that the decision is to be made.
B) A person must be given an opportunity to put her side forward.
C) A person must be given the opportunity to cross-examine a witness or complainant if that is the only way to defend herself.
D) A person must be allowed to retain a lawyer.
E) The decision maker must be impartial.
Answer: D
Q4) What is the standard of proof used in a criminal matter?
Answer: beyond a reasonable doubt
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Chapter 4: Intentional Torts and Torts Impacting Business
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150 Verified Questions
150 Flashcards
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Sample Questions
Q1) Which of the following actions would not result in a successful tort action by the person suing? Assume that all the persons involved learn these facts.
A) Mr. Meen wrote a letter to the editor of the Vancouver Sun in which he falsely stated that the mayor took a bribe. The editor and 10 others on staff read it but decided not to print it. The mayor sued Mr. Meen.
B) When Jed accidentally dropped a board and broke Al's toe, Al threw a rock at Jed, but Jed saw it coming and moved in time to avoid being hit. Al sued; Jed counterclaimed.
C) A waiter, then the police, detained a restaurant patron because he did not want to pay for wine that was brought to the table but was cloudy and undrinkable. The patron sued for false imprisonment.
D) An accountant made an error in financial statements that he knew would be given by his client to a potential investor, Mr. Lam. The investor, relying on the erroneous statements, invested $20,000 and lost it all. Mr. Lam sued the accountant.
E) Jayne was doing aerobic exercises. She looked up and saw the gas meter reader in the backyard. She sued him for trespass.
Q2) In order to sue for trespass to land,what two elements must be established?
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Chapter 5: Negligence, Professional Liability, and Insurance
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159 Verified Questions
159 Flashcards
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Sample Questions
Q1) Indicate why the Donoghue v.Stevenson case (the snail in the ginger beer bottle)was so important in the development of negligence law.
Q2) Sam and John drank beer and watched the Olympics for hours.When John left,he did not feel impaired,but the alcohol in his system affected his driving.He lost control of the car,which crashed through Mr.Mitsu's fence and into Mr.Mitsu's garage.Mitsu's neighbour,Mr.Watson,called the police.John was charged with driving while impaired and was found guilty in the criminal proceedings.Given these facts,which of the following is true?
A) Mr. Watson, the neighbour, could sue John for negligence.
B) Mr. Mitsu could sue John for negligence.
C) If Mr. Mitsu sued John, he would be entitled only to punitive damages.
D) Because John was charged with an offence, Mr. Mitsu cannot sue him in a civil action for compensation. One court action is all that is allowed.
E) Since no one was physically injured, there could be no civil action.
Q3) How is negligent misstatement treated in Canada today?
Q4) In Canada,under what circumstances will the owner of property be held strictly liable for her conduct?
Q5) What is the remoteness test used for?
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Chapter 6: The Elements of a Contractconsensus and Consideration
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171 Verified Questions
171 Flashcards
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Sample Questions
Q1) A formal contract is one that is signed and sealed.
A)True
B)False
Q2) In Gilbert Steel Ltd.v.University Construction Ltd.,what did the Court find on the issue of consideration?
A) Because the Court will not look into the adequacy of consideration, a one-sided agreement is enforceable.
B) A one-sided agreement is, in law, a form of unilateral contract.
C) A one-sided agreement is not enforceable.
D) A one-sided agreement is only binding if its essential terms are reduced to writing.
E) Because commercial parties dealing at arms' length were involved, a one-sided agreement is valid.
Q3) A reasonable price paid for requested services is referred to in law as ________.
Q4) Discuss the implications of a creditor agreeing to take less in full satisfaction of a debt.
Q5) Distinguish between a bilateral and a unilateral contract.
Q6) Distinguish between an offer and an invitation.
Page 8
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Chapter 7: The Elements of a Contract capacity, Legality, and Intention
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161 Verified Questions
161 Flashcards
Source URL: https://quizplus.com/quiz/47237
Sample Questions
Q1) Discuss the importance of putting contracts in writing,both from a legal perspective and from a practical business point of view.
Q2) Given the provisions of the Statute of Frauds,which of the following contracts should be evidenced in writing?
A) a sale of goods involving $4
B) a retainer with a lawyer
C) an employment contract
D) a sale of land
E) domestic agreements
Q3) Which of the following contracts is void?
A) a contract with an insane person for a T.V., where the insane person, or his legal representative, can prove that he was insane at the time of the contract but cannot prove anything else about the incident
B) a contract with an insane person for necessaries such as food and shelter
C) a contract containing an exculpatory clause limiting the liability of one of the parties
D) any contract with a status Indian
E) a contract to sell a crop of marijuana growing in a particular field
Q4) Distinguish between an infant's liability for torts and for contracts.
Page 9
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Chapter 8: Factors Affecting the Contractual Relationship
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184 Verified Questions
184 Flashcards
Source URL: https://quizplus.com/quiz/47238
Sample Questions
Q1) What is a collateral contract?
Q2) For a misrepresentation to be actionable,it must become a term of the contract. A)True
B)False
Q3) What does it mean that an assignee is "subject to the equities"?
Q4) Tong hired Hocaloski to design an ad for her business.Hocaloski assigned the work to Peppar,her employee.After the ad was run,it was noticed that Peppar made a serious error; he gave the wrong address and phone number of the business.Based on these facts,which of the following is true?
A) For breach of contract, Tong could successfully sue only Hocaloski.
B) Tong can sue either Hocaloski or Peppar, her employee, for breach of contract, but not both of them.
C) Tong can sue both Hocaloski and Peppar for breach of contract, since they are both connected with the job.
D) If Hocaloski did not pay Peppar, Peppar could sue Tong for his pay because Peppar did do work for Tong.
E) Only Peppar is liable since he made the mistake.
Q5) What is the parol evidence rule?
Q6) What is unjust enrichment?
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Chapter 9: The End of the Contractual Relationship
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173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/47239
Sample Questions
Q1) What is the result of a repudiation?
Q2) A condition subsequent is an example of a contract being ended by agreement.
A)True
B)False
Q3) "In contract law,warranty is a promise by the manufacturer of a product to be responsible to make repairs on that product,if it's defective." Discuss the accuracy of this statement.
Q4) An injunction involves a court order to do something (to perform the contract),whereas specific performance usually involves an order to refrain from some offensive conduct.
A)True
B)False
Q5) When one party is responsible for an act that frustrates a contract,it is treated as a breach.
A)True
B)False
Q6) What is an anticipatory breach?
Q7) What is the importance of the distinction between a breach of warranty and a breach of condition?
Q8) What is the result of a breach of a minor contractual term?
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Chapter 10: Employment
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164 Verified Questions
164 Flashcards
Source URL: https://quizplus.com/quiz/47240
Sample Questions
Q1) Discuss the role of strikes,lockouts,and picketing,and whether or not they have any place in our present society.
Q2) Discuss why it is significant to find that an employment relationship exists and how such a relationship is determined.
Q3) What is the minimum period of time for which a completed collective agreement can be in force?
Q4) If former employees are sued,it is usually for breach of ___________ or for disclosing confidential information.
A) employment contract
B) notice periods
C) restrictive covenants
D) fiduciary duty
E) confidence
Q5) Not only must a non-competition clause be reasonable between the parties,but the party trying to enforce it must show that the clause is necessary to protect some proprietary interest.
A)True
B)False
Q6) Indicate three obligations of an employee in an employment relationship.
Page 12
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Chapter 11: Agency and Partnership
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219 Verified Questions
219 Flashcards
Source URL: https://quizplus.com/quiz/47241
Sample Questions
Q1) Jones is a partner in a law firm in a small town,and is also doing legal work out of his home in the evening for himself.Which of the following statements is correct with respect to his responsibility for the money he earns?
A) Jones has no responsibility; the money he makes by this extra work is his.
B) If Jones did not have the consent of his partners, Jones must pay over all the money he makes through his business at home to the partnership.
C) If Jones is a one-third partner in the law firm, he need only pay over one-third of what he makes.
D) Such conduct will automatically dissolve the partnership, but he can keep what he has made.
E) Jones has a duty to tell the other partners, but the money is his and he can keep up the extra work regardless of the other partners consent.
Q2) When a principal is undisclosed,the third party is restricted to suing the agent.
A)True B)False
Q3) What is an enduring power of attorney?
Q4) When one partner dies,what happens to the partnership?
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Page 13
Chapter 12: Corporations
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155 Verified Questions
155 Flashcards
Source URL: https://quizplus.com/quiz/47242
Sample Questions
Q1) When lending money to a closely held corporation,what will a bank usually insist on from the major shareholders or other principals?
A) a debenture
B) a negotiable instrument
C) a fiduciary obligation
D) a preemptive right
E) a personal guarantee
Q2) Smith,director of ABC Ltd.,intercepted a corporate opportunity for his own benefit and thereby caused the corporation to miss a $45 000 profit.A shareholder urged the board of directors to take action against him.The other directors,all close friends of Smith from school days,did not take any action against him,although they did voice their dissatisfaction with his move.Which of the following provisions would aid the shareholder?
A) pre-emptive right provision
B) indoor-management rule
C) derivative-action provision
D) dissent procedure
E) relief-from-oppression provision
Q3) What are pre-emptive rights?
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Page 14
Chapter 13: Real, Personal, and Intellectual Property
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238 Verified Questions
238 Flashcards
Source URL: https://quizplus.com/quiz/47243
Sample Questions
Q1) In an article about the patents held by the Research Services Office at the University,it was written that none of the patents were there because someone set out to invent something new."If we knew what it was that creates innovation,we would all be millionaires ...it's chance,brilliance,an offhand remark ...." We know that to obtain a patent we need to have created an "invention." Which of the following best defines a patentable invention?
A) a new and useful machine
B) an original artistic work
C) a significant scientific principle
D) novel information used in a person's business which gives him or her a competitive edge
E) a unique mark identifying a business or product
Q2) A person can only bring a passing-off action where there is no registered trademark involved.
A)True
B)False
Q3) In order to successfully sue someone for violation of trademark,what must be established?
Q4) What is real property?
Q5) What does it mean to say that works are in the "public domain"?
Page 15
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Chapter 14: Information Technology and the Internet
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143 Verified Questions
143 Flashcards
Source URL: https://quizplus.com/quiz/47244
Sample Questions
Q1) Discuss the problems associated with business and the internet.
Q2) Discuss the validity of online transactions,and the related issues that arise in transacting business over the internet.
Q3) Discuss the Personal Information Protection and Electronics Documents Act (PIPEDA)with respect to electronic signatures.
Q4) A major problem concerning the internet is to determine what laws apply to the internet and internet transactions.
A)True
B)False
Q5) To infringe a trademark,the violator must somehow use it,not merely display it on a website.
A)True
B)False
Q6) UECA provisions determine that whether a contract or another form of internet communication,a message is sent as soon as it is committed to the system,and it is received as soon as it arrives on the recipient's computer,even if it is never read.
A)True
B)False
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Chapter 15: Sales and Consumer Protection
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157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/47245
Sample Questions
Q1) "The Sale of Goods Act is another example of consumer protection legislation." Discuss the accuracy of this statement.
Q2) A warranty under the Sale of Goods Act is a condition the breach of which will allow the victim of the breach to refuse to go through with their side of the agreement.
A)True
B)False
Q3) The Competition Bureau is an independent law enforcement agency that administers and enforces the Competition Act.
A)True
B)False
Q4) What are the rights of the purchasers when the goods do not match the description?
Q5) Explain under what circumstances the sale of goods must be evidenced by writing.
Q6) Quiet possession of the goods means that the goods must be of merchantable quality and free from any inherent defect.
A)True
B)False
Q7) What are consumer transactions?
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Chapter 16: Priority of Creditors
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141 Verified Questions
141 Flashcards
Source URL: https://quizplus.com/quiz/47246
Sample Questions
Q1) Which one of the following is false with regard to creditors' remedies?
A) A garnisheeing order is an order to the sheriff to seize assets of a judgment creditor to satisfy a judgment debt.
B) A person who wins in an action and is awarded damages is called a "judgment creditor."
C) A guarantor is a person who agrees to be responsible for a debt if the borrower (the person primarily liable) defaults.
D) A debenture can create a "floating charge" that will not attach to anything specifically until the debtor defaults or until the happening of another "crystallizing" event.
E) A guarantor may avoid liability if the creditor does some act or enters into an agreement that weakens the guarantor's position.
Q2) Distinguish between personal and real property.
Q3) Explain what is meant by a "chose in action."
Q4) A Division I proposal is available only to consumer debtors with less than $75 000 in claims against them.
A)True
B)False
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