Which of the following kinds of contract must be in writing to be enforceable Contracts related to consumer transactions Contracts related to the sale of land Contracts to lease a vehicle None of the above Which of the following situations does not permit a court to imply in a court Custom within an industry Business effectiveness The omission of an essential term All of the above Which of the following are remedies for breach of contract Specific performance Damages Injunctions All of the above Which of these descriptions of a joint venture is false It is a temporary relationship designed to allow participants to complete one or a series of projects Participants may be individuals or businesses, including sole proprietorships, partnerships and business corporations The joint venture must have a name that combines the names of all its participants A joint venture need not be registered with the government Which powers are within the exclusive law making power of the provinces under section 92 of the 1867 Constitution (BNA Act) Property and civil rights Contracts Trade with other provinces Residual powers Which of the following is not a source of law Common law (case law or judge made law) Statutes The constitution and bylaws of a corporation Charter of Rights and Freedoms (1982) Which of the following statements is incorrect Shareholders have the right to vote in the election of the directors of the corporation Officers report to shareholders of the corporation Shareholders have the right to share in the assets of the corporation if it is wound up Shareholders are not liable for the debts and obligations of the corporation The word firm is most appropriately used to describe which business structure A limited partnership only A partnership of lawyers or accountants only Any partnership A privately held corporation

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Which of the following kinds of contract must be in writing to be enforceable? Contracts related to consumer transactions Contracts related to the sale of

Which of the following kinds of contract must be in writing to be enforceable?
1. Contracts related to consumer transactions
2. Contracts related to the sale of land
3. Contracts to lease a vehicle
4. None of the above.
Which of the following situations does not permit a court to imply in a court?
1. Custom within an industry
2. Business effectiveness
3. The omission of an essential term
4. All of the above
Which of the following are remedies for breach of contract?
1. Specific performance
2. Damages
3. Injunctions
4. All of the above
Which of these descriptions of a joint venture is false?
1. It is a temporary relationship designed to allow participants to complete one or a series of projects
2. Participants may be individuals or businesses, including sole proprietorships, partnerships and business corporations
3. The joint venture must have a name that combines the names of all its participants
4. A joint venture need not be registered with the government
Which powers are within the exclusive law-making power of the provinces under section 92 of the 1867 Constitution (BNA Act)?
1. Property and civil rights
2. Contracts
3. Trade with other provinces
4. Residual powers
Which of the following is not a source of law?
1. Common law (case law or judge-made law)
2. Statutes
3. The constitution and bylaws of a corporation
4. Charter of Rights and Freedoms (1982)
Which of the following statements is incorrect?
1. Shareholders have the right to vote in the election of the directors of the corporation
2. Officers report to shareholders of the corporation
3. Shareholders have the right to share in the assets of the corporation if it is wound up
4. Shareholders are not liable for the debts and obligations of the corporation
The word firm is most appropriately used to describe which business structure?
1. A limited partnership only
2. A partnership of lawyers or accountants only
3. Any partnership
4. A privately held corporation