Question
Please don't provide any explanation just what the answer is from the multiple-choice is by copying the question and bolding the answer : Question 1(1
Please don't provide any explanation just what the answer is from the multiple-choice is by copying the question and bolding the answer :
Question 1(1 point)
Why would the owners of a successful business operation carry life insurance on the lives of its shareholder?
Question 1 options:
To comply with the law's mandatory life insurance pertaining to shareholders
To ensure that the business doesn't suffer financial loss from business interruption
To offset any deficiency in the value demanded for the deceased's shares
To offset the challenging costs of buying out a deceased shareholder's shares
Question 2(1 point)
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 2 options:
Conditional financing
Interim financing
Equity financing
Debt financing
Question 3 (1 point)
The decisions of the Supreme Court of Canada are best described as:
Question 3 options:
binding only on the government
limited to constitutional matters
binding on all other courts in all Canadian jurisdictions
always appeals from the Federal Court of Canada
Question 4(1 point)
Listen
ReadSpeaker webReader: Listen
How does confidential business information maintain the protection of the law?
Question 4 options:
By registration
By fixation
By use
By efforts to keep it secret
Question 5(1 point)
Listen
ReadSpeaker webReader: Listen
Graham has granted a cellphone company permission to erect a transmission tower on his property. What type of right has Graham granted?
Question 5 options:
A restrictive covenant
Joint tenancy
An easement
A lease
Question 6(1 point)
Listen
ReadSpeaker webReader: Listen
Which legislature in Canada is composed of the House of Commons and the Senate?
Question 6 options:
the Parliament of Canada
the House of Assembly
the Supreme Court of Canada
the Legislative Assembly
Question 7(1 point)
Listen
ReadSpeaker webReader: Listen
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 7 options:
the mediator
the arbitrator
the judge
the adjudicator
Question 8(1 point)
Listen
ReadSpeaker webReader: Listen
Which of the following would NOT constitute property?
Question 8 options:
A lease
Accounts receivable
An insurance policy
A right of citizenship
Question 9(1 point)
Listen
ReadSpeaker webReader: Listen
What is the legal term given to a provision in a contract whereby the parties agree in advance the amount to be paid in the event of a contract breach?
Question 9 options:
A liquidated damages clause
An entire agreement clause
An exemption clause
A whole contract clause
Question 10(1 point)
Listen
ReadSpeaker webReader: Listen
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 10 options:
An encroachment agreement
A restrictive covenant
Zoning regulations
Planning schemes
Question 11(1 point)
Listen
ReadSpeaker webReader: Listen
Which of the following are exclusively areas of federal jurisdiction under the Canadian Constitution?
Question 11 options:
interprovincial trade and commerce, highway regulation, licensing
currency, trade, national defence
administration of justice, trade, education
criminal law, administration of justice, hospitals
Question 12(1 point)
Listen
ReadSpeaker webReader: Listen
At what point will title to goods pass to the buyer when the contract involves the sale of future or unascertained goods?
Question 12 options:
When the goods are delivered.
When the goods are accepted by the buyer.
When the goods come into existence.
When the goods are unconditionally appropriated to the contract.
Question 13(1 point)
Listen
ReadSpeaker webReader: Listen
What is the policy rationale for contractual quantum meruit?
Question 13 options:
Parties who fail to document their contracts should nonetheless be bound by their promises.
The parties' intention to impose a penalty should be upheld.
It is not the intention of the parties that goods or services are provided for free.
The assistance provided by implied terms is sporadic and uncertain.
Question 14(1 point)
Listen
ReadSpeaker webReader: Listen
A creditor has assigned a debt to a collection agency. As an assignee, the collection agency is not a party to the original contract and is therefore barred under the doctrine of privity from acquiring any rights to own the debt under it.
Question 14 options:
TrueFalse
Question 15(1 point)
Listen
ReadSpeaker webReader: Listen
The Personal Property Security Act (PPSA) fulfills a number of purposes. Which of the following describes one of these purposes?
Question 15 options:
Determining priority among creditors.
Protection of the public from unscrupulous lenders.
Prohibiting misleading statements in credit applications.
Protecting borrowers from exorbitant interest rates.
Question 16(1 point)
Listen
ReadSpeaker webReader: Listen
What is the purpose of the discovery phase in a private lawsuit?
Question 16 options:
To enable each side to make its allegations
To allow each side an opportunity to obtain expert evidence that can later be used at the trial
To disclose evidence in support of the claims in the lawsuit and test the strength of the opposing party's claims
To cross-examine all of the witnesses that will be called at trial
Question 17(1 point)
Listen
ReadSpeaker webReader: Listen
How does Canadian contract law protect minors and mentally incapacitated individuals?
Question 17 options:
By ensuring that they cannot enter into legally binding contracts
By requiring the courts to approve their contracts
By providing that only certain types of contracts are enforceable against minors and those who lack mental capacity
By ensuring both groups are represented by guardians when entering into contracts
Question 18(1 point)
Listen
ReadSpeaker webReader: Listen
Mariam offered to sell her horse to Shia for $5,000, but Shia counter-offered with a price of $4,500. Mariam rejected Shia's counter-offer. What is the effect of Shia's counter-offer on Mariam's original offer?
Question 18 options:
Mariam's original offer is no longer available for acceptance because Shia's counter-offer is a rejection of the original offer.
Mariam's original offer is still available for acceptance until Mariam specifically revokes it.
The original offer is no longer available because it has lapsed.
Mariam's original offer is still available because she has not replaced it with a new offer.
Question 19(1 point)
Listen
ReadSpeaker webReader: Listen
Ruby Fashions Ltd. terminated its long-term agency relationship with the Fashion Forward Agency. Fashion Forward had negotiated purchase contracts with retail outlets on behalf of Ruby for several years. What advice would you give Ruby at this time?
Question 19 options:
That Fashion Forward has the onus to inform outsiders that it is no longer Ruby's agent.
That Ruby has the onus to inform outsiders that Fashion Forward is no longer its agent.
That outsiders have an obligation to prove whether or not there is an ongoing agency relationship between Ruby and Fashion Forward.
That Fashion Forward can no longer bind Ruby to contracts.
Question 20(1 point)
Listen
ReadSpeaker webReader: Listen
Which of the following is a duty required of an agent?
Question 20 options:
Pay the principal for services rendered.
Reimburse the principal for out-of-pocket expenses.
Indemnify the principal for agency business losses.
Abide by the terms of the agency agreement.
Question 21(1 point)
Listen
ReadSpeaker webReader: Listen
What is the term for an employee's deliberate failure to carry out lawful and reasonable orders?
Question 21 options:
Insubordinate conduct
Willful disobedience
Willful insolence
Incompatible conduct
Question 22(1 point)
Listen
ReadSpeaker webReader: Listen
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 22 options:
A)
The protected area in this scenario is employment.
B)
The protected area in this scenario is tenancy.
C)
This is discrimination because there is no rational connection between being male and safety.
D)
The protected area in this scenario is publication.
E)
The protected ground in this scenario is sex or gender.
F)
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.
Question 23(1 point)
Listen
ReadSpeaker webReader: Listen
Rita is employed as a financial investment advisor for a local investment services firm and signed a restrictive covenant that prevents her from working as an investment advisor for a period of 5 years anywhere in Canada should she leave her current employer. On what legal basis might this clause be unenforceable?
Question 23 options:
It violates the Criminal Code.
It constitutes an unreasonable restraint on trade.
Rita failed to read the contract before signing it.
It violates the Charter guarantee of freedom of mobility.
Question 24(1 point)
Listen
ReadSpeaker webReader: Listen
What does the duty to mitigate require of an employee whose position has already been constructively terminated?
Question 24 options:
It requires the former employee to take the first job available.
The employee could be required to accept a lower position in the same company.
It requires the former employee to take reasonable steps to find comparable employment.
The individual is expected to accept a lower-level job in another company to reduce his loss.
Question 25(1 point)
Listen
ReadSpeaker webReader: Listen
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 25 options:
Goods sold by description must correspond to the description.
The seller refused the opportunity to compare goods with a sample.
The buyer made the intended use known at the time of purchase.
The buyer relied on the description of goods by the seller.
Question 26(1 point)
Listen
ReadSpeaker webReader: Listen
Ultimate Caterer Inc. lost its lawsuit and was ordered to pay damages and costs to the young couple whose wedding dinner left them and many of their guests very ill. Which of the following correctly describes the meaning of costs in these circumstances?
Question 26 options:
The amount of court fees charged for litigating the lawsuit
The amount the loser must pay toward the winner's expenses
The defendant's legal fees
The plaintiff's actual legal fees
Question 27(1 point)
Listen
ReadSpeaker webReader: Listen
Although he was not really an agent and had no authority to do so, Gordon thought his employer would be delighted when he purchased a truck "on behalf of" his employer. Although the price was very reasonable, his employer now refused to ratify the contract. Which statement best describes the parties' liability under the contract?
Question 27 options:
The employer is solely liable under the doctrine of estoppel.
Gordon is liable as a result of the contract.
The employer is solely liable as an undisclosed principal.
Gordon and his employer are bound by the contract.
Question 28(1 point)
Listen
ReadSpeaker webReader: Listen
If a customer slips and falls on the ice in a store's parking lot, the store may be liable for the tort of:
Question 28 options:
Aggravated assault
Nuisance
Assault
Trespass
Negligence
Question 29(1 point)
Listen
ReadSpeaker webReader: Listen
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 29 options:
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
Arcand is legally bound to keep its offer open until the last day of the month
The promise to hold the offer open is contrary to public policy and is unenforceable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started