Are there any restrictions on a corporation paying dividends to its shareholders?

	1.	As per s. 42 of the CBCA, a corporation may still pay a dividend to shareholders even if (1) there are reasonable grounds for believing that the corporation is, or would after the payment be, unable to pay its liabilities as they become due; and (2) if the realizable value of the corporation's assets would thereby be less than the aggregate of its liabilities plus its stated capital of all classes.
	2.	The only restriction is what shareholders decide.
	3.	There are no restrictions on a corporation paying dividends because a corporation exists to make a profit for shareholders and therefore restricting sharing the profits is anathema to a corporation's reason for existing.
	4.	As per s. 42 of the CBCA, a corporation may not pay a dividend if (1) there are reasonable grounds for believing that the corporation is, or would after the payment be, unable to pay its liabilities as they become due; and (2) if the realizable value of the corporation's assets would thereby be less than the aggregate of its liabilities plus its stated capital of all classes.
	5.	The only restriction is what a corporation decides.

Acceptance of a contract must be certain and unconditional. Which of the following is NOT TRUE.

	1.	none of the above.
	2.	the offeror can insist on silence as a mode of acceptance.
	3.	It must be a positive act.
	4.	the conduct must refer unequivocally to the offer made.
	5.	It may be expressed in words or conduct.

Which of the following statements best describes "e-commerce"?

	1.	all of the above
	2.	E-commerce includes the delivery of products by computer.
	3.	Until 1995, e-commerce was almost non-existent.
	4.	E-commerce is the fastest growing sector of the economy.
	5.	E-commerce is the use of computer networks to facilitate transactions.

When thinking about corporate governance and structure, what is a shareholder?

	1.	a shareholder is responsible for the day-to-day "hands on" management of the corporation.
	2.	a shareholder's duty is to manage or supervise the management of the business and affairs of the corporation.
	3.	a shareholder is a corporation's general counsel.
	4.	a shareholder is the corporation's auditor.
	5.	shareholders play little to no role in management. They have some rights, the most important right being the right to vote at shareholder meetings.

Procedural law refers to

	1.	the system of law involving a comprehensive legislated code derived from Roman law.
	2.	the law that deals with the rights and duties that each person has in society.
	3.	the case-based system of law that originated in England based onstaredecisis.
	4.	The rules that define the acceptable conduct or the rights and duties of each person.
	5.	the law that deals with the protection and enforcement of substantive rights and duties.