LXC312- ( CORPORATE AND COMMERCIAL LAW ) Canada-Ontario

1.

please define the following terms and indicate the purpose of each

Bylaw

Joint Venture

Co-ownership

Corporation

Shares

Officers

Articles of Incorporation

Canada Business Corporations Act

i. Ontario Business Corporations Act

j. NUANS

------------------------------------------------- Multiple-choice questions

1.

A corporate name must have:

a) A distinctive, dependable, and descriptive element

b)A descriptive, distinctive, and modern element c)A legal, alluring, and descriptive element d)A distinctive, descriptive, and legal element

2.

A domain name is:

a)An area of territory owned or controlled by a government

b)An address for individuals and businesses on the internet

c)An address for the officers of a corporation d)An address where a corporation carries on business

3.

What is the government electronic filing fee for incorporation in Ontario?

a)$300.00

b)$360.00

c)$250.00

d)$210.00

4.

What is a shareholder agreement?

a)An agreement that sets out how shareholders will deal with certain issues

b)An agreement signed by shareholders once a dispute has been resolved

c)An agreement that prevents shareholders from transferring shares d)An agreement signed by shareholders to absolve themselves of liability

5.

A director's register is?

a)A registry of corporate contacts b)Where the notes for each meeting are kept

c)A public registry used to search for corporate directors

d)A form that contains the name and address of a director