How should a manufacturer try to salvage its reputation after it has been discovered to have knowingly produced and sold a defective product to the public?

Question 9 options:

Deny any wrongdoing and obtain top lawyers to defend against litigation.

Take ownership for the problem and voluntarily compensate affected customers.

Hire bloggers to create confusion about the facts on social networking websites.

Question 10

A supplier and a retailer have a long, established relationship. Earlier contracts between them have always provided the standard "within 30 days of delivery" payment provision. A new contract between them makes no reference to payment terms. What would a court most likely rely on to arrive at a decision that payment is due within 30 days of delivery?

Question 10 options:

Customs in the trade of a foreign country

Past dealings

Business efficacy

Question 11

What are the basic rights that must attach to at least one class of shares of an incorporated company?

Question 11 options:

Limited liability, transfer of shares, receipt of dividends

Voting rights for public offering, transfer of shares, ability to collect dividends annually

Voting rights for election of directors, receipt of dividends, and share in the proceeds upon dissolution of the corporation

Question 12

Incorporation methods allow for the creation of a legal entity that is recognized as being

Question 12 options:

a legal entity and is owned and managed by its shareholders.

a legal person, is owned by shareholders who enjoy limited liability, and is managed by directors who have a fiduciary duty to the entity.

ceither provincial and/or federally incorporated, operates as a limited liability corporation, and provides a limited liability umbrella for its shareholders.

Question 13

One form of Alternative Dispute Resolution is known as Arbitration. This is a process where both sides come together before a neutral third party (arbitrator). The decision of the arbitrator is usually....

Question 13 options:

legally binding

binding or non-binding

non-binding

Question 14

The legal rights associated with ownership of property includes the following:

Question 14 options:

The right of possession, use, and enjoyment; the right to lease or rent the property to other individuals or businesses; the right to use the property as security for a loan

The right of possession, use, and enjoyment; the right to grant others the legal right to enter its property, the right to control the use of the property

The right to exclude others from accessing or interfering with it; the right of possession, use, and enjoyment; and the right to transfer or dispose of property.

Question 15

Which of the following items do not meet the definition of a patent?

Question 15 options:

Chemical compounds, methods of cleaning, and microorganisms

Scientific principles, abstract theorems, and natural phenomena

Pay-per-use billing systems, application systems, chemical compounds

Question 16

Katie enjoys a successful freelance career creating advertisement jingles. What category would the intellectual property being created by Kylie would fall into?

Question 16 options:

Industrial design

Copyright

Trademark

Question 17

In law, which of the following approaches are synonymous with an employer's duty to accommodate?

Question 17 options:

An employer's obligation to modify work rules to the point of undue hardship

The adoption of a minimum standard for a purpose connected to job performance

The adoption of a standard to fulfill a work related purpose