Question 1

A compliance officer employed by a business for purposes of monitoring legislative requirements applicable to the business ensures

Accepted Answer

A) that outside counsel are hired by the business on a general retainer basis to respond to urgent matters. 
B) that the business complies with all regulatory and legislative requirements to avoid claims,fines and other possible penalties or sanctions. 
C) that probationary employees are screened and monitored appropriately by the business in the 90 day period. 
D) that the business pays outstanding fines. 
E) that someone attends on all Small Claims Court matters where outside counsel are not required. 
A) that outside counsel are hired by the business on a general retainer basis to respond to urgent matters. 
B) that the business complies with all regulatory and legislative requirements to avoid claims,fines and other possible penalties or sanctions. 
C) that probationary employees are screened and monitored appropriately by the business in the 90 day period. 
D) that the business pays outstanding fines. 
E) that someone attends on all Small Claims Court matters where outside counsel are not required.

Question 2

Under our legal system,which is derived from English common law

Accepted Answer

A) our courts simply resolve the dispute based on common sense. 
B) our courts look to and apply principles of law that have evolved out of cases dealing with the same subject matter as does the dispute between the private parties. 
C) our courts look to the way other countries have resolved disputes between private parties. 
D) our courts look to legislation passed by the federal and provincial governments to resolve disputes between private parties. 
E) our courts look to the constitution to resolve disputes between private parties. 
A) our courts simply resolve the dispute based on common sense. 
B) our courts look to and apply principles of law that have evolved out of cases dealing with the same subject matter as does the dispute between the private parties. 
C) our courts look to the way other countries have resolved disputes between private parties. 
D) our courts look to legislation passed by the federal and provincial governments to resolve disputes between private parties. 
E) our courts look to the constitution to resolve disputes between private parties.

Question 3

The Supreme Court of Canada performs several roles.One role it does NOT perform is

Accepted Answer

A) protector of civil liberties. 
B) an umpire between the various levels of government. 
C) determining the validity of legislation. 
D) interpreter of legislation. 
E) resolving disputes between private parties. 
A) protector of civil liberties. 
B) an umpire between the various levels of government. 
C) determining the validity of legislation. 
D) interpreter of legislation. 
E) resolving disputes between private parties.

Question 4

Uber is an extremely popular form of transportation.Many users are not concerned with the fact that Uber initially failed to comply with numerous laws.Make an argument that in circumstances where the public stands to benefit significantly,a corporate entity may disregard existing laws if they are too expensive or onerous to comply with.

Accepted Answer

An important consideration of lawmakers

Question 5

A bartender employed in a licensed establishment over-serves a patron.As a result of the over-service,the patron physically assaults another patron by striking him with a beer bottle.Identify and describe the three forms of liability that may arise as a result of this single incident.

Accepted Answer

There may very well be criminal charges

Question 6

Legislation is the name given to

Accepted Answer

A) laws that are made by judges. 
B) laws that are made by members of the government. 
C) the general system of laws of a country. 
D) laws that are made by Parliament and provincial legislatures. 
E) none of the above 
A) laws that are made by judges. 
B) laws that are made by members of the government. 
C) the general system of laws of a country. 
D) laws that are made by Parliament and provincial legislatures. 
E) none of the above

Question 7

A binding code of conduct is a

Accepted Answer

A) general code of conduct that is available to anyone. 
B) code of conduct established voluntarily by industry. 
C) code of conduct that governments impose on business and industry. 
D) code of conduct that regulates specified activities,such as those of professionals. 
E) code of conduct that a firm or business imposes on itself. 
A) general code of conduct that is available to anyone. 
B) code of conduct established voluntarily by industry. 
C) code of conduct that governments impose on business and industry. 
D) code of conduct that regulates specified activities,such as those of professionals. 
E) code of conduct that a firm or business imposes on itself.

Question 8

Law is derived from a variety of sources.These include the constitution,legislation,and

Accepted Answer

A) the Supreme Court of Canada and subordinate legislation. 
B) court decisions handed down by judges. 
C) statements made by ministers and administrative rulings. 
D) media reports and other news. 
E) the cabinet. 
A) the Supreme Court of Canada and subordinate legislation. 
B) court decisions handed down by judges. 
C) statements made by ministers and administrative rulings. 
D) media reports and other news. 
E) the cabinet.

Question 9

What do we mean when we say that the two levels of government have concurrent powers?

Accepted Answer

Concurrent powers describes th

Question 10

To implement a risk management plan,a business must first

Accepted Answer

A) prioritize the risks. 
B) develop effective strategies to deal with the risks. 
C) revise the plan on a regular basis. 
D) implement the plan. 
E) conduct a legal audit of the business operation. 
A) prioritize the risks. 
B) develop effective strategies to deal with the risks. 
C) revise the plan on a regular basis. 
D) implement the plan. 
E) conduct a legal audit of the business operation.

Question 11

Developing a legal risk management plan is the best way to ensure that a business is managed and run properly.

Accepted Answer

A) True 
 B)False

Question 12

A business can be managed and run in either a prudent and responsible manner or a stupid manner.Explain how a prudent and responsible businessperson would manage and run a new business that he or she has just began as compared to a person who was not prudent or responsible.

Accepted Answer

A prudent and responsible businessperson

Question 13

A simple definition of law would be misleading because law is so diverse and complex.

Accepted Answer

A) True 
 B)False

Question 14

What is subordinate legislation?

Accepted Answer

Subordinate legislation is the

Question 15

Responsibility for the consequences of breaking the law is often referred to as legal liability.

Accepted Answer

A) True 
 B)False

Question 16

Legal liability is the term used when a person breaks the law.

Accepted Answer

A) True 
 B)False

Question 17

In a federal country such as Canada,the Supreme Court often has the last word.Explain.

Accepted Answer

In a federal country such as Canada,ther

Question 18

In commerce today,businesses have no need to live up to higher ethical standards.In other words,businesses need not consider the concept of corporate responsibility.

Accepted Answer

A) True 
 B)False

Question 19

When a court interprets a statute narrowly,the result will most likely be that

Accepted Answer

A) the statute will be found to fall inside the power of the government that made it. 
B) the court will change the wording in the statute so that it makes sense. 
C) the statute will be found to be outside,or ultra vires,the government that made it. 
D) the statute will be struck down. 
E) the court will send the statute back to the government that made it for revision. 
A) the statute will be found to fall inside the power of the government that made it. 
B) the court will change the wording in the statute so that it makes sense. 
C) the statute will be found to be outside,or ultra vires,the government that made it. 
D) the statute will be struck down. 
E) the court will send the statute back to the government that made it for revision.

Question 20

The law reflects the highest level of moral and ethical standards that are universally accepted by all people.

Accepted Answer

A) True 
 B)False

Exam 1: Law, society, and Business

A compliance officer employed by a business for purposes of monitoring legislative requirements applicable to the business ensures

Under our legal system,which is derived from English common law

The Supreme Court of Canada performs several roles.One role it does NOT perform is

A bartender employed in a licensed establishment over-serves a patron.As a result of the over-service,the patron physically assaults another patron by striking him with a beer bottle.Identify and describe the three forms of liability that may arise as a result of this single incident.

Legislation is the name given to

A binding code of conduct is a

Law is derived from a variety of sources.These include the constitution,legislation,and

What do we mean when we say that the two levels of government have concurrent powers?

To implement a risk management plan,a business must first

Developing a legal risk management plan is the best way to ensure that a business is managed and run properly.

A business can be managed and run in either a prudent and responsible manner or a stupid manner.Explain how a prudent and responsible businessperson would manage and run a new business that he or she has just began as compared to a person who was not prudent or responsible.

A simple definition of law would be misleading because law is so diverse and complex.

What is subordinate legislation?

Responsibility for the consequences of breaking the law is often referred to as legal liability.

Legal liability is the term used when a person breaks the law.

In a federal country such as Canada,the Supreme Court often has the last word.Explain.

In commerce today,businesses have no need to live up to higher ethical standards.In other words,businesses need not consider the concept of corporate responsibility.

When a court interprets a statute narrowly,the result will most likely be that

The law reflects the highest level of moral and ethical standards that are universally accepted by all people.

The Machinery of Justice

Government Regulation of Business

The Law of Torts

Professional Liability: the Legal Challenges

Formation of a Contract: Offer and Acceptance

Formation of a Contract: Consideration and Intention

Formation of a Contract: Capacity to Contract and Legality of Object

Grounds Upon Which a Contract May Be Set Aside: Mistake and Misrepresentation

Writing and Interpretation

Privity of Contract and the Assignment of Contractual Rights

The Discharge of Contracts

Breach of Contract and Its Remedies

Sale of Goods and Consumer Contracts

Bailment and Leasing

Insurance and Guarantee

Agency and Franchising

The Contract of Employment

Negotiable Instruments

Intellectual Property

Interests in Land and Their Transfer

Landlord and Tenant

Mortgages of Land and Real Estate Transactions

Sole Proprietorships and Partnerships

The Nature of a Corporation and Its Formation

Corporate Governance: the Internal Affairs of Corporations

Corporate Governance: External Responsibilities

Secured Transactions

Creditors Rights

International Business Transactions

Electronic Commerce

Privacy

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