Graham has granted a cellphone company permission to erect a transmission tower on his property. What type of right has Graham granted?

Question 17 options:

A lease

Joint tenancy

An easement

A restrictive covenant

18) ABC Inc. is issuing 10,000 new shares to raise money for its upcoming expansion. What is the name for this type of financing?

Question 18 options:

Equity financing

Conditional financing

Debt financing

Interim financing

19) Abby purchased a ring from an online vendor which unfortunately gave her a severe rash.The online description of the ring stated it was made of hypoallergenic materials. According to the Sale of Goods Act, why will the merchant likely have to accept the return of the product?

Question 19 options:

The seller refused the opportunity to compare goods with a sample.

The buyer made the intended use known at the time of purchase.

Goods sold by description must correspond to the description.

The buyer relied on the description of goods by the seller.

20) Substantive law can be defined as law that:

Question 20 options:

Law that regulates the relationship between government and people

Law that governs relations between states and other entities with international legal status

Defines rights, duties, and obligations

Governs the procedure to enforce rights, duties, and obligations

21) Martha's lawyer is not satisfied with the court's decision, so he is urging her not to accept it. What step in the litigation process is Martha's lawyer recommending she take?

Question 21 options:

litigation

appeal

adjudication

settlement

22) Which of the following would NOT constitute property?

Question 22 options:

A right of citizenship

A lease

Accounts receivable

An insurance policy

23) Raphael saw Fabco Electronics Inc.'s ad in a newspaper advertising that the store had new laser printers for sale for the price of $75. Unfortunately, the store was sold out by the time Raphael arrived at the store with $75, and he now wants to sue Fabco for breach of contract, claiming he accepted their offer by arriving at the store and tendering his payment of $75.Why will Raphael's breach of contract claim be unsuccessful?

Question 23 options:

Because the store's ad did not constitute an offer to Raphael

Because the store was not able to actually supply him with a printer

Because the offer expired when the store ran out of printers

Because the offer lapsed due to the passage of time

24) Which legislature in Canada is composed of the House of Commons and the Senate?

Question 24 options:

the House of Assembly

the Legislative Assembly

the Parliament of Canada

the Supreme Court of Canada

25) What is meant by the term "merchantable quality"?

Question 25 options:

A reasonable quality, considering the description of the goods.

The value of goods corresponds with their description.

The value declared or known to the buyer at the time.

The price paid determines the reasonableness of quality.

26) Which of the following is an implication of the utmost good faith nature of insurance contracts?

Question 26 options:

The insured is a fiduciary to the insurer

The insured has a duty to disclose

The insurer is a fiduciary to the insured

The insurer may subrogate

27) The decisions of the Supreme Court of Canada are best described as:

Question 27 options:

binding only on the government

always appeals from the Federal Court of Canada

binding on all other courts in all Canadian jurisdictions

limited to constitutional matters

28) Walter receives and considers submissions from both parties involved in a commercial dispute. He will deliver his decision shortly. In a contract signed by the parties, they agreed to follow that decision. Who is Walter?

Question 28 options:

the adjudicator

the arbitrator

the judge

the mediator

29) What is the name given to the rule that prevents an insured from collecting on insurance when the loss has resulted from the insured's willful misconduct?

Question 29 options:

Forfeiture rule

Third party endorsement

Subrogation

Third party rider

30) Sarafel was disappointed to learn that she would be unable to plant a hedge along the front borders of her condominium townhouse property. In this instance, what is the ability to place conditions on ownership most strongly influenced by?

Question 30 options:

Planning schemes

An encroachment agreement

Zoning regulations

A restrictive covenant

31) How does Canadian contract law protect minors and mentally incapacitated individuals?

Question 31 options:

By requiring the courts to approve their contracts

By ensuring that they cannot enter into legally binding contracts

By ensuring both groups are represented by guardians when entering into contracts

By providing that only certain types of contracts are enforceable against minors and those who lack mental capacity

32) Which of the following is a duty required of an agent?

Question 32 options:

Indemnify the principal for agency business losses.

Abide by the terms of the agency agreement.

Pay the principal for services rendered.

Reimburse the principal for out-of-pocket expenses.

33) The Personal Property Security Act (PPSA) fulfills a number of purposes. Which of the following describes one of these purposes?

Question 33 options:

Protection of the public from unscrupulous lenders.

Determining priority among creditors.

Protecting borrowers from exorbitant interest rates.

Prohibiting misleading statements in credit applications.

34) Felicia purchased a medical practice and is looking for another investor.Felicia's friend Louise (who is also a medical doctor) is interested in forming a partnership.Although each doctor is comfortable being a partner in the business, both Felicia and Louise want to ensure that they are liable only for their own torts. Louise invests $380,000 in the partnership after filing the required paperwork. What type of partner is Louise in this business?

Question 34 options:

General Partner

Limited Partner

Limited Liability Partner

35) Which of the following statements is correct with respect to remedies for wrongful dismissal?

Question 35 options:

Damages payable to the employee are based on what the employee would have received had he been given reasonable notice whether or not he gets another job.

The court will usually order the employer to take the employee back.

If the employee gets another job within the period of notice he should have received, that will affect the amount of damages he will receive.

The court will issue an injunction to prevent the employer from hiring someone else to take the employee's place.

36) What is the legal term for the legal interest considered to be the closest to full ownership in real property?

Question 36 options:

Joint tenancy

Fee simple

Tenancy in common

Deeded title

37) How does confidential business information maintain the protection of the law?

Question 37 options:

By registration

By use

By efforts to keep it secret

By fixation

38) Remmie owns the associated rights to property, the buildings, and everything affixed to them located on that property, and the property itself. How is this particular asset likely to be classified?

Question 38 options:

As chattel property

As real property

As intangible property

As tangible property

39) Why would the owners of a successful business operation carry life insurance on the lives of its shareholder?

Question 39 options:

To comply with the law's mandatory life insurance pertaining to shareholders

To offset any deficiency in the value demanded for the deceased's shares

To ensure that the business doesn't suffer financial loss from business interruption

To offset the challenging costs of buying out a deceased shareholder's shares

40) Which of the following is the proper definition of a partnership as set out in thePartnership Act?

Question 40 options:

A partnership exists only where two or more people enter into a written agreement to be partners.

A partnership is only created where the partners actually share the profits from a business.

A partnership exists where any business is carried on with a view toward profits.

Partnership exists where two or more persons carry on business in common with a view to make a profit.

A partnership is created where a corporation with shareholders is registered with the federal government.

41) What is the legal effect of a financing condition in an offer to purchase real estate?

Question 41 options:

There is no contract until the vender provides the seller with financing.

The lender must approve the price, deposit, and method of payment.

The lender will be given control of the money needed to complete the deal.

The transaction will not proceed unless the buyer's lender grants a mortgage.

42) Which of the following is an advantage of incorporation?

Question 42 options:

Shares are easily transferred.

Shareholders can veto the decisions of directors.

Shareholders are liable for debts of the corporation.

There are no tax advantages as compared to a sole proprietorship.

Shareholders owe a duty to the corporation.

43) Jarrit runs a business delivering oilfield parts to remote oilfield locations on short notice. Jarrit only hires men because he is very concerned about safety. Jarrit's drivers often have to drive at night, keep long hours, and enter work camps where (mostly) male workers work.

Jarrit needs to hire 2 more drivers, so he puts out an advertisement for the jobs. Mel applies for the job, but is told that she will not be considered for the job because she is female.

Select all the statements below thatcorrectlydescribe the scenario above. Answers are weighted equally.

Question 43 options:

A)

The protected area in this scenario is employment.

B)

The protected ground in this scenario is sex or gender.

C)

The protected area in this scenario is publication.

D)

There is no discrimination here because there is a rational connection between requiring a man to do the job because of the safety concerns involved.

E)

This is discrimination because there is no rational connection between being male and safety.

F)

The protected area in this scenario is tenancy.

44) What is the term for an employee's deliberate failure to carry out lawful and reasonable orders?

Question 44 options:

Willful disobedience

Willful insolence

Insubordinate conduct

Incompatible conduct

45) Arcand Industries has offered to sell a piece of equipment to XYZ Inc for $100,000 and has promised to keep its offer open until the last day of the month. What is Arcand's legal position in this situation?

Question 45 options:

The promise to hold the offer open is contrary to public policy and is unenforceable

Arcand is legally bound to keep its offer open until the last day of the month

The offer can be revoked at any time before it is accepted by Arcand without legal consequence

The offer can be revoked before the last day of the month with the consent of Arcand