Test Bank For Business Law in Canada, 13th Canadian Edition by Richard Yates. Full Chapers.
7 views 0 purchase
Course
Business law
Institution
Business Law
Test Bank Business Law in Canada, 13th Canadian Edition by Richard Yates, Teresa Bereznicki-Korol, Trevor Clarke. ISBN: 9780137597819. Yates 13ce test bank for Business Law in Canada.
TEST BANK FOR:
Business Law in Canada, 13th edition by Richard A. Yates
Ch 1. Managing Your Legal Affairs
1. In the context of a sophisticated client, "sophisticated" can best be defined as
a. Complicated, self-reliant, and cosmopolitan.
b. Refined and cultured.
c. Simple and naïve.
d. Confident, knowledgeable, and up to date.
e. Aggressive, dynamic, and forceful.
2. Which of the following best describes the likelihood of a student becoming
involved in asituation necessitating legal advice?
a. A student, or someone close to a student, sometimes becomes involved in such a
situation.
b. A student, or someone close to the student, will always become involved in such a
C
situation.
c. Because students are not business people, they never become involved in such
situations. LE
d. Because students cannot be sophisticated, they will often become involved in such
situations.
e. Legal advice is not available to students.
3. Raman is a sophisticated client. This means that she
ST
a. understands how to manage a lawyer-client relationship.
b. has a law degree.
c. is a small business owner.
d. manages her legal affairs without assistance from a lawyer.
e. will probably never find herself in a situation necessitating legal advice.
BE
4. Which of the following is not a good reason for a businessperson to seek advice
from a lawyer?
a. The businessperson cannot find the necessary legal information.
b. The businessperson cannot understand the necessary legal information.
c. The necessary legal information is available online.
d. It would take too long for the businessperson to find the necessary legal
information.
e. The businessperson is facing criminal charges.
5. For sophisticated clients, the availability of an abundance of legal information
online is
a. a negative development, because online information is rarely accurate or helpful.
b. a positive development, because it means that they will no longer need to
retain lawyers as part of their team.
c. a negative development, because accessing this information tends to be more
costly than retaining a lawyer.
d. a positive development, because it provides greater access to information
they can use as part of their decision-making process.
e. a neutral development, because lawyers are still the only ones able to access this
information.
1
, BESTLECQWERTYUIOP8Y7T6RY5E4RYTUISDF
6. When searching online for legal information, it is best to
a. trust that if it is published online, it must be accurate.
b. never trust the information found on a website.
c. use American sources, as they tend to be more comprehensive than Canadian
ones.
d. gauge the accuracy of the information by the look of the website.
e. seek input from a lawyer when answers cannot be readily found.
7. Sophisticated clients
a. do not need to retain a lawyer.
b. know that it is better to hire a lawyer than to conduct research on one's own.
c. are willing to pay for legal advice at any cost.
d. tend to be embarrassed to request legal advice.
e. have the skill and confidence to find basic legal information.
C
LE
ST
BE
2
, BESTLECQWERTYUIOP8Y7T6RY5E4RYTUISDF
Ch 1. Managing Your Legal Affairs
8. The primary purpose of an initial consultation with a lawyer is
a. to arrange payment of the lawyer's fees up front.
b. to develop strategies for dealing with the legal situation in question.
c. for the prospective client to decide whether to retain the lawyer.
d. for the prospective lawyer to help mediate the current dispute.
e. to discuss the availability of Legal Aid.
9. The decision to enter the lawyer-client relationship should be
a. made quickly to ensure that no one else can retain your lawyer.
b. solely up to the lawyer, as he or she is the one with the legal training.
c. made primarily on the basis of cost.
d. a mutual decision made primarily on the basis of trust.
e. solely up the client, as the client is the one paying for the services.
10. When someone refers you to a particular lawyer, you should
a. retain the lawyer regardless of who gave you the referral.
C
b. gauge the referral on the basis of the level of trust you have for the person making the
referral.
c. retain the lawyer regardless of their area of practice.
LE
d. ensure the referral is from a family member rather than a mere friend.
e. ignore the referral as irrelevant.
11. A lawyer referral service
a. will enable a businessperson to retain a lawyer without need for an initial consultation.
ST
b. is an online fee-based service providing guaranteed results.
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. is also known as "Legal Aid".
BE
12. A provincial law society
a. is a self-governing body for lawyers.
b. has as its mandate the provision of free legal services in the public interest.
c. operates primarily to offer low-cost legal advice to members.
d. operates primarily to enhance the commercial interests of its members.
e. is a self-governing body for businesspeople seeking legal advice.
13. Becoming a sophisticated client will
a. ensure that a business person never needs a lawyer.
b. help a business person manage her legal affairs more efficiently and effectively.
c. result in a business person developing a bias against lawyers.
d. relieve a business person from having to conduct legal research.
e. protect a business person from needing legal advice.
14. The Canadian Bar Association is
a. the national society for legal aid services.
b. a professional organization that represents judges and lawyers.
c. focused on enhancing public safety in the liquor distribution industry.
d. an organization responsible for reviewing lawyers' accounts.
e. a disciplinary body for members of the legal profession.
3
, BESTLECQWERTYUIOP8Y7T6RY5E4RYTUISDF
15. When setting up a small business, the best approach to follow is to assume that
after thebusiness has been set up and commences operating,
C
LE
ST
BE
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTLEC. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
