Those persons legally responsible for the execution of the management of a corporation are the:

Officers

Shareholders

Employees

Directors

Which of the following is not a provincial or federally regulatedfinancialinstitution?

CaissePopulaire

Money Mart

Bank of Montreal

Van City Savings

Melissa applied for a patent in May 2012, which was granted the same month. The patent will expire in:

May 2022

May 2017

May 2027

May 2032

Mr. Wicks, a plumber, had a contract to repair a slow leak in a toilet at Dr. Bone's medical clinic. Because it had to be done when no patients were there, Mr. Wicks agreed to come on a Saturday. However, when he got there, he found a notice on the door saying "Got a chance for a free trip to Hawaii. Come next Saturday at the same time. Thanks. Dr. Bone." Mr. Wicks did not turn up the next Saturday and, when Dr. Bone called to find out why, Mr. Wicks said that he had promised to take his wife shopping that day, and he doubted if he would be able to find the time in the future.

A,Mr Wicks breached the contract on the second Saturday

B.The contract was not breached since it was frustrated on the first Saturday because DR.Bone could not be there.

C.Dr.Bone breached the contract on the first Saturday

D.Neither man has breached the contract; it is simply suspended

In contract law,a special type of mistake about the nature of a signed documents is know as:

A mistake of recording

Non est factum

Being unfairly enriched by a mistake

Not correcting the error

Which of the following is true about a limited partnership?

A.Only a limited partner may actively transact business

B.Limited partners may draw against capital,prior to dissolution,only up to the amount of their own contribution to capital

C.Only a general partner may actively transact business

D.A limited partner cannot become a general partner without consent of all of the otherpartners

In the contract between Gamil's Building Materials store and Hightrees Logging and Lumber Company for the supply of lumber, there is a clause that allows either party to end the contract on 10 days' notice should actions of logging protesters on Hightrees property bring logging operations to a temporary halt. This clause is a(n):

Frustration of contract clause

Condition subsequent clause

Operation to terminate

Force majeureclause

Preferred creditors,secured creditorsand unsecured creditors are three basic classes of creditors in a bankruptcy procedure. What is their priority in the proceeding?

Preferred,unsecured and secured

Secured,unsecured and preferred

Secured,preferred and unsecured

Preferred,secured and unsecured