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BUSINESS LAWS MID TERM EXAM REVIEW Time- 3 hours Q1. Define Alternative Dispute Resolution. When ADR works? Give any 5 situations Q2. What is the

BUSINESS LAWS

MID TERM EXAM REVIEW

Time- 3 hours

Q1. Define Alternative Dispute Resolution. When ADR works? Give any 5 situations

Q2. What is the difference between Decision and Trial in a lawsuit?

Q3. Define the following

  1. Litigation
  2. Legal risk management Plan

Q4. What are the three branches of government? Explain the function of each branch in detail.

Q5. Fill in the blanks-

  1. For legislation to become law, it must first be passed by the ____________.
  2. Each level of government has the power to enact laws called ___________, to pass laws within its proper authority or sphere.
  3. The chief executive of Federal government is The __________.
  4. __________ is a body composed of all ministers heading government departments, as well as the Prime Minister or the Premier. It is responsible for passing regulations
  5. A __________ provides expert advice on legal matters of concern to a business.

Q6. Which is the final court of Appeals in Canada? What are its functions?

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