Legal Studies in Business Question Bank
Course Introduction
Legal Studies in Business offers an overview of the fundamental principles of law as they pertain to the business environment. Students will explore topics such as contracts, torts, agency, employment law, and the legal structures of business organizations, as well as key regulatory and ethical considerations. Emphasis is placed on developing a practical understanding of how legal concepts influence business decisions and operations, equipping students to recognize and address legal issues that may arise in a commercial context.
Recommended Textbook
Business Law in Canada 10th Canadian Edition by Richard A. Yates
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16 Chapters
2735 Verified Questions
2735 Flashcards
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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) The role of the lawyer is to
A) provide legal advice relevant to the client's situation, which the client is free to ignore.
B) provide legal advice relevant to the client's situation, which the client has no choice but to follow.
C) tell their clients what they must do.
D) tell their clients what they must not do.
E) delay the client's decision-making process.
Answer: A
Q2) Which of the following statements regarding duty counsel is accurate?
A) Duty counsel can provide limited assistance in certain court matters.
B) Duty counsel are available to assist in a wide range of business law issues.
C) There is an advantage to using duty counsel rather than retaining one's own lawyer.
D) Duty counsel typically take on your entire case and represent you at trial.
E) There is a lengthy application process to obtain duty counsel.
Answer: A
Q3) What is disbarment?
Answer: Termination of membership in the law society.
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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) Give two examples of other areas of law from which the common law judges borrowed in order to create the common law.
Answer: Roman civil law,canon law or church law,and the law merchant (not equity or the Chancery)
Q2) What role does the decision made by an Ontario Court of Appeal judge have on a B.C.Supreme Court judge?
Answer: The decision is merely persuasive.It is not binding since that judge is not in the same court hierarchy (i.e.,B.C.Court of Appeal,Supreme Court of Canada).
Q3) Protection against sexual harassment exists because sexual harassment is regarded as a form of ___________ on the basis of gender.
A) prohibition
B) abuses
C) discrimination
D) human rights
E) fundamental freedom
Answer: C
Q4) The law of equity was developed by ________.
Answer: the Courts of Chancery
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4
Chapter 3: The Resolution of Disputesthe Courts and Alternatives to Litigation
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220 Verified Questions
220 Flashcards
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Sample Questions
Q1) What impact do "without prejudice" statements made during negotiations have if litigation results?
Answer: Any legal concession,admission,or compromises made during negotiations when made "without prejudice" will not hurt the parties if the negotiations fail and litigation results.
Q2) Describe the types of remedies that can be requested by a plaintiff in a civil action. Answer: The most common remedy requested is damages (monetary payment).General damages are based on estimates,special damages are designed to reimburse the plaintiff for specific costs incurred,and punitive (or exemplary)damages are intended to punish the wrongdoer.Other remedies that may be requested include an accounting (payment over of profits wrongfully obtained),an injunction (ordering that wrongful conduct be stopped),specific performance (compelling performance of a legal obligation),and declarations (as to the law or legal rights of the parties).
Q3) The Supreme Court of Canada only hears appeals from other courts.
A)True
B)False
Answer: False
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Page 5
Chapter 4: Intentional Torts and Torts Impacting Business
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150 Verified Questions
150 Flashcards
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Sample Questions
Q1) When you lend your camera to someone,and he sells it to a third party,for what can you sue the person to whom you lent it?
Q2) When an employee commits a tort in the process of his employment,the principle of vicarious liability states that the employer is liable,not the employee.
A)True
B)False
Q3) Azar had been working for the Burger Baron for a number of years,most recently under Lai,the latest in a series of managers.Azar became ill and had to take repeated sick days,both to rest and to attend appointments with various specialists.It became impossible for Azar to continue working there,and Lai gave her notice of termination.While Azar was working out the last days of her notice period,Lai continued to harass her over and over again for her previous absences.Lai could face an action for A) intentional infliction of mental suffering.
B) malicious prosecution.
C) conspiracy to injure.
D) conversion.
E) negligence.
Q4) Explain under what circumstances the defence of fair comment can be lost.
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Page 6
Chapter 5: Negligence, Professional Liability, and Insurance
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159 Verified Questions
159 Flashcards
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Sample Questions
Q1) Which of the following is true with respect to the law of tort?
A) With assault and battery, a person can successfully sue only if she can prove damages.
B) A negligent person causing physical injury to another is responsible to the full extent of the injury suffered even though the injured person suffered more than would reasonably be expected because of a special weakness.
C) A person will always succeed with the defence of self-defence even if she used excessive force.
D) A customer battered by an employee on the job can sue only the employee, not the employer, because it was the employee who did the wrong.
E) For fair comment to be an effective legal defence to a claim of defamation, the comment must have been made in Parliament or court.
Q2) Business interruption insurance covers the policy-holder when an unforeseen event causes a business to permanently cease operation.
A)True
B)False
Q3) How is negligent misstatement treated in Canada today?
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Page 7
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) Which of the following statements is correct with respect to the law of consideration?
A) The amount of consideration to be paid in a contract must be reasonable (that is, fair) from the point of view of each party.
B) Without consideration or a seal, there can be no contract.
C) Consideration must have some value but need not be specific.
D) For a contract to be binding, something valuable must have changed hands. This consideration may have been paid before the agreement (past consideration) or at the time of the agreement (present consideration), but future consideration is no consideration.
E) Consideration need not be specific, just so both parties got something out of the deal.
Q2) A contract is binding if the consideration involved is a commitment not to do something,as opposed to a promise to do something.
A)True
B)False
Q3) A term making a contract conditional on future events is known as ________.
Q4) What is an interim agreement?
Q5) What is quantum meruit?
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Chapter 7: The Elements of a Contract capacity, Legality, and Intention
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161 Verified Questions
161 Flashcards
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Sample Questions
Q1) When a person is declared mentally incompetent by a court,who is appointed and for what purpose?
Q2) When at war,what happens to contracts with residents of an enemy country if they are not detrimental to Canada?
Q3) Joe entered into a contract to sell his house to Sam for $200 000.Explain under what circumstances this contract would be binding on the parties even where it was not in writing or evidenced by writing.
Q4) If a contract is not evidenced in writing this does not make it void,only unenforceable.
A)True
B)False
Q5) Kashif agreed to sell his acreage to his coworker,Melinda,for $400 000.Because the two worked together,they did not see the need to put the agreement in writing.Nonetheless,Kashif sent Melinda a note that referred to the essential terms of their agreement,to which Melinda replied acknowledging their deal.Without any other writing,can this contract be enforced? Explain.
Q6) Discuss,providing examples,situations in which an agreement would be invalid due to a lack of intention,including any presumptions that arise.
Page 9
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Chapter 8: Factors Affecting the Contractual Relationship
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184 Verified Questions
184 Flashcards
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Sample Questions
Q1) Explain why agency is not really an exception to the privity rule.
Q2) Which of the following situations gives rise to the application of the equitable remedy of rectification?
A) Both parties to a contract agree that they want to change some of its terms and thus apply jointly to the court to have the relevant terms altered.
B) The two parties to a contract have made a mutual mistake and one of these parties is asking the court to choose the more reasonable meaning of the terms in question.
C) The defendant has a justifiable defence of non est factum.
D) A written instrument, because of an obvious mistake, does not embody the unchanged terms of an original oral agreement.
E) The contract is one requiring "utmost good faith."
Q3) For a misrepresentation to be actionable,it must become a term of the contract. A)True B)False
Q4) Joe owned an apartment building and entered into a contract with Sam whereby Sam would operate that apartment building,but the proceeds from the rent and profits would be distributed among Joe's children.This is an example of what kind of an agreement?
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Page 10
Chapter 9: The End of the Contractual Relationship
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173 Verified Questions
173 Flashcards
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Sample Questions
Q1) If a supplier failed to honour a contract to supply parts to Mr.Matheson and the court finds the supplier in breach of contract,which of the following would be incorrect with respect to how the court determines the amount of money to award to Matheson?
A) Liquidated damages must be an honest attempt by the parties to pre-estimate damages.
B) The victim of the breach must take all reasonable steps to keep those damages as low as possible.
C) The supplier would not be responsible for any unusual losses lost by Mr. Matheson because of some special use not told to the supplier.
D) If a deposit is involved, the damages will be restricted to that deposit.
E) The supplier is responsible for all damages suffered by Matheson.
Q2) Explain what is meant by "specific performance" in contract law.
Q3) Discuss frustration in contract law and indicate when it is available and how and why it has been modified by statute.
Q4) Explain how the remedy of damages is applied in contract law and any limitation on the availability of damages.
Q5) Explain how a contract can be discharged by agreement.
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Page 11
Chapter 10: Employment
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164 Verified Questions
164 Flashcards
Source URL: https://quizplus.com/quiz/47240
Sample Questions
Q1) Unionized employees can be dismissed without notice if there is no work to do.
A)True
B)False
Q2) Discuss the organization process imposed by labour statutes.In your discussion,comment on the objectives of the legislation and whether those objectives have been met.
Q3) "Joe was working for Sam,using his own car to deliver manufactured parts for Sam's business to a client.In the process,Joe was involved in an automobile accident,causing injury to George,a stranger.In these circumstances,George's only recourse is against the employer." Discuss the accuracy of this statement.
Q4) What is the minimum period of time for which a completed collective agreement can be in force?
Q5) There is a constitutional right to belong to a union,to strike,and to bargain collectively.
A)True
B)False
Q6) Discuss the role of strikes,lockouts,and picketing,and whether or not they have any place in our present society.
Q7) What is the significance of a union becoming certified?
Page 12
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Chapter 11: Agency and Partnership
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219 Verified Questions
219 Flashcards
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Sample Questions
Q1) Usually,the name of the business must be registered if it is different from the sole proprietor's name,and a licence to operate must be obtained from the appropriate level of government.
A)True
B)False
Q2) Although Jason had participated in the flower auction for the last nine years as an agent for Thos.Holt's Ltd.(Holt),with the authority to buy whatever he felt the store needed,this day he was given express instructions to buy only cut flowers.When flats of young camellia bushes with a rare gold flower were being sold,Jason bought them on behalf of the company.Which of the following is true?
A) Holt is not bound by the contract, because Jason's authority was expressly restricted.
B) Holt is not bound since Holt didn't ratify the contract.
C) Holt is not bound by the contract, because Jason is in breach of his agency agreement.
D) Holt is estopped from denying Jason's authority.
E) The key to determining whether or not Holt is bound by the contract is this: in the circumstances, should the auctioneer have confirmed with Holt the extent of Jason's authority?
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Page 13
Chapter 12: Corporations
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155 Verified Questions
155 Flashcards
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Sample Questions
Q1) What does it mean to be a broadly held corporation?
Q2) Distinguish between selling the assets of a corporation and selling its shares.
Q3) Which of the following is an advantage of incorporation?
A) Shareholders are liable for debts of the corporation.
B) There are no tax advantages as compared to a sole proprietorship.
C) Shareholders can veto decisions of directors.
D) Shares are easily transferred.
E) Shareholders owe a duty to the corporation.
Q4) Explain the significance of a personal guarantee.
Q5) Discuss the process of incorporation in your jurisdiction,including practical tips for maximizing the advantages offered by this form of business organization.
Q6) Shareholders do not owe a duty to the corporation.
A)True
B)False
Q7) Explain why agents are more important when dealing with corporations than they are with partnerships or sole proprietorships.
Q8) Contrast the obligations and duties of directors and shareholders of a corporation.
Page 14
Q9) Explain under what circumstances a shareholder's right to dissent arises.
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Chapter 13: Real, Personal, and Intellectual Property
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238 Verified Questions
238 Flashcards
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Sample Questions
Q1) When a person has the right to go across land to get to another location,this is referred to as what?
Q2) A finder has no obligation to return found goods to the proper owner.
A)True
B)False
Q3) What is the main difference in the effect of a registration of a certificate under a "certificate of title" jurisdiction such as British Columbia as compared to a normal registration system in other parts of Canada?
Q4) Distinguish between copyright and patent.
Q5) When the author assigns his copyright to a purchaser,what rights does he still have in relation to the work?
Q6) Which of the following is considered real property in legal terms?
A) intangible property or chose in action
B) a claim against someone that has value
C) intellectual property (ideas and creative work)
D) chattels
E) land
Q7) Indicate the extent of ownership above and below a piece of land.
Q8) How long is protection given under the Copyright Act?
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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) Describe the principle of misrepresentation and negligent misstatement with regard to the internet.
Q2) What rights does an employer have with respect to email and surfing the web?
Q3) Attempts at self-regulation of the internet have been largely successful.
A)True
B)False
Q4) In the context of employment and use of the internet,which of the following is false?
A) Email should be encouraged over other forms of communication, because it is inherently private.
B) Employers can be liable when their employees misuse the internet.
C) An employer should have a clear and comprehensive policy prohibiting misuse of company resources.
D) Employers should notify employees when their use of company resources may be subject to monitoring.
E) Monitoring employees' email can be effective, but also raises a privacy concern.
Q5) What sanctions are appropriate for computer misuse in the workplace?
Q6) "The right of privacy does not exist in Canada." Discuss.
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Page 16
Chapter 15: Sales and Consumer Protection
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157 Verified Questions
157 Flashcards
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Sample Questions
Q1) Which of the following is not controlled by consumer protection legislation?
A) false advertising
B) the investigation of complaints
C) unconscionable transactions
D) business transactions
E) unequal bargaining power that is abusive
Q2) Explain three significant contributions of the federal Competition Act.
Q3) Jones walked into a new car lot,pointed to a specific car,and said,"I'll take that one." Sam,the operator of the car lot,explained that there was a certain amount of pre-delivery preparation that had to take place before the car could be delivered,and that it would be ready for the purchaser two days later.It was agreed that the purchase price would be paid at that time.Explain who bears the risk in the meantime.
Q4) When goods are used as a security,does the Sale of Goods Act apply to such a transaction?
Q5) What is the main purpose of the Sale of Goods Act?
Q6) What are consumer transactions?
Q7) Explain how the abuses usually associated with door-to-door sales are controlled.
Q8) Distinguish between a sale and an agreement to sell.
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Chapter 16: Priority of Creditors
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Sample Questions
Q1) Owen had borrowed money from a credit union to purchase a car,and the credit union had required a security against the car,which they registered under the Personal Property Security Act.As well,Owen's father guaranteed the loan.Some months later,Owen decided to go back to school,and he had to sell the car to do so.He returned to the credit union and,at his request,the credit union gave up the security they had against the vehicle,knowing that they still had the loan guaranteed by Owen's father.Explain the wisdom of this move.
Q2) Legislation and the principles of contract and common law primarily protect the interests of the debtor in the event of a default.
A)True
B)False
Q3) Which of the following is false with regard to property?
A) Both real and personal property can be given as security to a creditor that he will be repaid.
B) Real property consists of land but does not include the buildings on that land.
C) Personal property includes intangible rights.
D) Personal property includes chattels.
E) Real property includes "fixtures."
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Page 18