Question 1

Identify the sources you would consult when looking for an appropriate business lawyer.

Accepted Answer

The phone book (e.g. Yellow Pages), other advertisements, referrals from friends and relatives and trusted colleagues, the relevant law society.

Question 2

Core ethical values, and their supporting ethical principles, should be used as the basis for a business code of conduct.
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.

Accepted Answer

A) True 
 B)False  True

Question 3

Typically, lawyers bill on the basis of which of the following?

Accepted Answer

A)  A fixed fee, a stipend, or a pro rata distribution. 
B)  A fixed fee, an hourly rate, or a contingency fee. 
C)  A fixed fee, a pro rata distribution, or a contingency fee. 
D)  A stipend, a pro rate distribution, or an hourly rate. 
E)  A stipend, an hourly rate, or a contingency fee. 
A)  A fixed fee, a stipend, or a pro rata distribution. 
B)  A fixed fee, an hourly rate, or a contingency fee. 
C)  A fixed fee, a pro rata distribution, or a contingency fee. 
D)  A stipend, a pro rate distribution, or an hourly rate. 
E)  A stipend, an hourly rate, or a contingency fee. B

Question 4

A lawyer referral service

Accepted Answer

A)  is an online fee-based service providing guaranteed results. 
B)  is also known as "Legal Aid". 
C)  regulates the legal profession in the interest of the public. 
D)  provides the names and phone numbers of lawyers who practice in a particular area of law. 
E)  will enable a businessperson to retain a lawyer without need for an initial consultation. 
A)  is an online fee-based service providing guaranteed results. 
B)  is also known as "Legal Aid". 
C)  regulates the legal profession in the interest of the public. 
D)  provides the names and phone numbers of lawyers who practice in a particular area of law. 
E)  will enable a businessperson to retain a lawyer without need for an initial consultation.

Question 5

What can you do if you cannot resolve a fee dispute with your lawyer?

Accepted Answer

You may be able to participate

Question 6

Which of the following statements regarding duty counsel is accurate?

Accepted Answer

A)  Duty counsel are available to assist in a wide range of business law issues. 
B)  There is an advantage to using duty counsel rather than retaining one's own lawyer. 
C)  There is a lengthy application process to obtain duty counsel. 
D)  Duty counsel can provide limited assistance in certain court matters. 
E)  Duty counsel typically take on your entire case and represent you at trial. 
A)  Duty counsel are available to assist in a wide range of business law issues. 
B)  There is an advantage to using duty counsel rather than retaining one's own lawyer. 
C)  There is a lengthy application process to obtain duty counsel. 
D)  Duty counsel can provide limited assistance in certain court matters. 
E)  Duty counsel typically take on your entire case and represent you at trial.

Question 7

Generally, good business decisions cannot be made without consideration of the appropriate laws.

Accepted Answer

A) True 
 B)False

Question 8

Outline the steps of the law society's typical complaint-resolution process.

Accepted Answer

There is usually an attempt at mediation

Question 9

What are the six core values identified by the Josephson Institute for Ethics?

Accepted Answer

Trustworthiness, res

Question 10

When will a sophisticated client do her own legal research?

Accepted Answer

Whenever she requires legal in

Question 11

One reason for the general lack of respect for lawyers is that

Accepted Answer

A)  lawyers are not bound by a Code of Professional Conduct. 
B)  lawyers are rarely able to provide information or advice relevant to business matters. 
C)  lawyers who breach their duties are generally not subject to any punishment. 
D)  many people do not understand the role of the lawyer in the solicitor-client relationship. 
E)  the cost of legal advice generally outweighs its benefit. 
A)  lawyers are not bound by a Code of Professional Conduct. 
B)  lawyers are rarely able to provide information or advice relevant to business matters. 
C)  lawyers who breach their duties are generally not subject to any punishment. 
D)  many people do not understand the role of the lawyer in the solicitor-client relationship. 
E)  the cost of legal advice generally outweighs its benefit.

Question 12

Sophisticated clients

Accepted Answer

A)  tend to be embarrassed to request legal advice. 
B)  know that it is better to hire a lawyer than to conduct research on one's own. 
C)  do not need to retain a lawyer. 
D)  have the skill and confidence to find basic legal information. 
E)  are willing to pay for legal advice at any cost. 
A)  tend to be embarrassed to request legal advice. 
B)  know that it is better to hire a lawyer than to conduct research on one's own. 
C)  do not need to retain a lawyer. 
D)  have the skill and confidence to find basic legal information. 
E)  are willing to pay for legal advice at any cost.

Question 13

Is it more cost-effective to hire a senior lawyer with a high hourly rate, or a junior lawyer with a low hourly rate? Explain.

Accepted Answer

It depends. For example, if th

Question 14

When should a client ideally first discuss the issue of fees with a lawyer?

Accepted Answer

During the

Question 15

The Canadian "Code of Professional Conduct" for business people

Accepted Answer

A)  was created by the provincial business society. 
B)  has been used to prosecute a number of high-profile cases. 
C)  establishes the professional and ethical obligations of businesspeople. 
D)  is the same as the lawyers' code of conduct. 
E)  does not exist. 
A)  was created by the provincial business society. 
B)  has been used to prosecute a number of high-profile cases. 
C)  establishes the professional and ethical obligations of businesspeople. 
D)  is the same as the lawyers' code of conduct. 
E)  does not exist.

Question 16

If a business person cannot find important legal information on his own, or cannot understand the information he finds, what should he do?

Accepted Answer

The answer of If a business person cannot find important...

Question 17

Having a good lawyer on your team is

Accepted Answer

A)  a critical component of being a sophisticated client. 
B)  only necessary for large companies. 
C)  usually too expensive to be worthwhile. 
D)  a legal requirement prior to incorporating a business. 
E)  a good alternative to becoming a sophisticated client. 
A)  a critical component of being a sophisticated client. 
B)  only necessary for large companies. 
C)  usually too expensive to be worthwhile. 
D)  a legal requirement prior to incorporating a business. 
E)  a good alternative to becoming a sophisticated client.

Question 18

Legal fees

Accepted Answer

A)  should not be discussed with a lawyer until a bill has been prepared. 
B)  are typically negligible. 
C)  are rarely the subject of confusion or misunderstanding. 
D)  should be discussed during the initial consultation with the lawyer. 
E)  are always calculated in a single, specified way. 
A)  should not be discussed with a lawyer until a bill has been prepared. 
B)  are typically negligible. 
C)  are rarely the subject of confusion or misunderstanding. 
D)  should be discussed during the initial consultation with the lawyer. 
E)  are always calculated in a single, specified way.

Question 19

How has the lawyer-client relationship been affected by computers and the Internet?

Accepted Answer

There is now an abundance of l

Question 20

A client who is unable to resolve a fee dispute with a lawyer can have the lawyer's bill reviewed by a court official. These court officials have the power to

Accepted Answer

A)  authorize compensation to be paid by the provincial law society. 
B)  impose fines on either the client or the lawyer. 
C)  decide that the bill is too high and reduce it accordingly. 
D)  require that the client and lawyer attend fee mediation. 
E)  order that a lawyer be taken into custody. 
A)  authorize compensation to be paid by the provincial law society. 
B)  impose fines on either the client or the lawyer. 
C)  decide that the bill is too high and reduce it accordingly. 
D)  require that the client and lawyer attend fee mediation. 
E)  order that a lawyer be taken into custody.

Identify the sources you would consult when looking for an appropriate business lawyer.

Core ethical values, and their supporting ethical principles, should be used as the basis for a business code of conduct. SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.

Typically, lawyers bill on the basis of which of the following?

A lawyer referral service

What can you do if you cannot resolve a fee dispute with your lawyer?

Which of the following statements regarding duty counsel is accurate?

Generally, good business decisions cannot be made without consideration of the appropriate laws.

Outline the steps of the law society's typical complaint-resolution process.

What are the six core values identified by the Josephson Institute for Ethics?

When will a sophisticated client do her own legal research?

One reason for the general lack of respect for lawyers is that

Sophisticated clients

Is it more cost-effective to hire a senior lawyer with a high hourly rate, or a junior lawyer with a low hourly rate? Explain.

When should a client ideally first discuss the issue of fees with a lawyer?

The Canadian "Code of Professional Conduct" for business people

If a business person cannot find important legal information on his own, or cannot understand the information he finds, what should he do?

Having a good lawyer on your team is

Legal fees

How has the lawyer-client relationship been affected by computers and the Internet?

A client who is unable to resolve a fee dispute with a lawyer can have the lawyer's bill reviewed by a court official. These court officials have the power to

Introduction to the Legal System

The Resolution of Disputes the Courts and Alternatives to Litigation

Intentional Torts

Negligence, Professional Liability, and Insurance Law

Formation of Contracts

Formation of Contracts Continued

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal and Intellectual Property

Information Technology and the Internet

Sales and Consumer Protection

Priority of Creditors

Filters

Exam 1: Managing Your Legal Affairs

Identify the sources you would consult when looking for an appropriate business lawyer.

Core ethical values, and their supporting ethical principles, should be used as the basis for a business code of conduct. SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.

Typically, lawyers bill on the basis of which of the following?

A lawyer referral service

What can you do if you cannot resolve a fee dispute with your lawyer?

Which of the following statements regarding duty counsel is accurate?

Generally, good business decisions cannot be made without consideration of the appropriate laws.

Outline the steps of the law society's typical complaint-resolution process.

What are the six core values identified by the Josephson Institute for Ethics?

When will a sophisticated client do her own legal research?

One reason for the general lack of respect for lawyers is that

Sophisticated clients

Is it more cost-effective to hire a senior lawyer with a high hourly rate, or a junior lawyer with a low hourly rate? Explain.

When should a client ideally first discuss the issue of fees with a lawyer?

The Canadian "Code of Professional Conduct" for business people

If a business person cannot find important legal information on his own, or cannot understand the information he finds, what should he do?

Having a good lawyer on your team is

Legal fees

How has the lawyer-client relationship been affected by computers and the Internet?

A client who is unable to resolve a fee dispute with a lawyer can have the lawyer's bill reviewed by a court official. These court officials have the power to

Introduction to the Legal System

The Resolution of Disputes the Courts and Alternatives to Litigation

Intentional Torts

Negligence, Professional Liability, and Insurance Law

Formation of Contracts

Formation of Contracts Continued

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal and Intellectual Property

Information Technology and the Internet

Sales and Consumer Protection

Priority of Creditors

Filters