1) Which of the following elements does not constitute a legal relationship in contract?

Select one:

a.

Acceptance

b.

Familiarity

c.

Intention

d.

Consideration

e.

Capacity

2) A unit owner of a condominium

Select one:

a.

owns a given proportion of the shares of the corporation.

b.

has a proportion of the shares and votes in the corporation.

c.

owns one share in the capital of the corporation.

d.

has a vote, but not a share in the corporation.

e.

has a proportion of the votes, but not a share in the corporation.

3) A certified cheque is

Select one:

a.

a promissory note.

b.

legal tender.

c.

a liability of the bank and not the drawer.

d.

provided for under the Bills of Exchange Act.

e.

All of these elements.

4) A condominium unit owner has

Select one:

a.

fee simple ownership of a unit, and is a joint tenant in the remainder.

b.

exclusive ownership of a unit, and is a tenant-in common in the remainder.

c.

exclusive ownership of a unit, and is a joint tenant in the remainder.

d.

fee simple ownership of a unit, and is a tenant-in-common in the remainder.