31)

Which of the following is true with regard to the CanadianCopyright Act?

a.The statute expressly provides that computer programs are not copyrightable.

b.Copyright is protected both by statute and in the common law.

c.The statute provides for copyright protection only where the copyright is registered and the owner of copyright uses the following form of notice: (c) year of creation, name of the creator.

d.The statute provides that the employer owns the copyright in a work created by the employee in the course of his employment, in the absence of any agreement to the contrary.

e.It is a provincial statute, with each province having its own unique statute.

36)

Which of the following is true with regard to industrial design?

a.Properly marking a protected item may limit an owner's remedies for infringement.

b.To be protected, an industrial design must be registered within five years of being published.

c.The design of a manufactured article such as a sofa is protected by copyright.

d.Industrial design protection lasts for the life of the inventor plus 50 years.

e.A person who creates a unique shape of a manufactured article (with no useful function) can protect his or her design by registering it under the Industrial Design Act, a federal statute.

39)

Recent changes in partnership law allow partnerships to be registered as a "limited liability partnership" or LLP. When carrying on business as a limited liability partnership, non-negligent partners stand to lose:

a.their investment in the firm.

b.all of their personal assets if a successful claim is brought against the partnership on the basis of another partner's mistake.

c.absolutely nothing.

d.all of their personal assets except those protected from seizure under bankruptcy legislation.

e.assets jointly held with a spouse.

42)

Which of these is false about shareholders of a corporation?

They have limited liability that is limited to their investment.

They elect a board of directors.

They pay tax on their proportionate share of the corporation's earnings.

All of the above are true about shareholders.

43)

Which of the following generally have the authority to bind a corporation in contractual relations?

a.Shareholders and the board of directors they elect.

b.The board of directors and the managers they appoint.

c.Duly appointed officers, employees, or agents.

d.All of the above

44)

Dividends in corporate law are:

a.Established in the incorporation certificate and represent capital repayments tax-deductible by the corporation.

b.Declared by management and represent interest owed on shares.

c.Declared by the directors and represent capital repayments not tax-deductible by the corporation.

d.Declared by the directors and represent capital repayments owed on shares.

45)

This shareholder remedy entitles a shareholder who is opposed to fundamental changes such as the sale of substantially all of a business's assets to have the corporation buy his or her shares:

a.Dissent and approval

b.Derivative action

c.Winding up

d.Oppression

47)

Which of the following shows the use of the doctrine of promissory estoppel?

a.Lam contracted to supply Jones with steel. Before the steel was delivered, Lam's supplier increased the price. Lam could use the doctrine to force Jones to pay more to Lam.

b.Lee, a defendant, can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee had relied on that promise.

c.This doctrine can be used by a plaintiff to enforce a written promise that has been signed and sealed (i.e., a seal has been affixed next to the signature of the promisor).

d.Val told Jim that she would give him her printer. If she doesn't, Jim could use the doctrine to force her to do so.

e.George rented a video and watched it with Elaine. She thought the movie was great and said that she'd pay half the rental price. George could use the doctrine to force her to pay as she promised.