Exam 7: Methods of Carrying on Business
Exam 1: The Canadian Legal System139 Questions
Exam 2: Torts and Professional Liability143 Questions
Exam 3: Formation of Contracts167 Questions
Exam 4: Enforcing Contractual Obligations177 Questions
Exam 5: Legislation in the Marketplace105 Questions
Exam 6: Agency and Employment158 Questions
Exam 7: Methods of Carrying on Business174 Questions
Exam 8: Property160 Questions
Exam 9: Ideas and Information131 Questions
Exam 10: Electronic Commerce and International Trade119 Questions
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If dividends are not paid, preferred shares usually convert to voting shares.
(True/False)
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In the BCE case, the Supreme Court clarified the fiduciary duty owed by directors.Which of the following correctly reflects the court's view in this case?
(Multiple Choice)
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A broadly held corporation has fewer and less stringent reporting and accounting requirements than a closely held corporation.
(True/False)
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Which one of the following statements is correct with respect to the law of partnership?
(Multiple Choice)
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Which of the following is the proper definition of a partnership as set out in the Partnership Act?
(Multiple Choice)
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A corporation is considered to be a separate legal entity from the shareholders who make it up.
(True/False)
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Which of the following will establish the existence of a partnership?
(Multiple Choice)
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Shareholders in a closely held corporation are entitled to sell their shares to whomever they want without restriction.
(True/False)
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When the partners fail to register their partnership, they can neither sue nor be sued.
(True/False)
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Jones is a partner in a law firm in a small town, and he is also doing legal work out of his home in the evenings for himself.Which of the following statements is correct with respect to his responsibility for the money he earns?
(Multiple Choice)
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Discuss the problem of liability with respect to partnership and how this difficulty can be overcome if partnership is chosen as the method of carrying on business.
(Essay)
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When a partnership dissolves, which of the following is not one of the causes?
(Multiple Choice)
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Which one of the following statements is correct with respect to sole proprietorships?
(Multiple Choice)
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A sole proprietor is responsible not only for his own conduct but also for the wrongful conduct of any employee done in the course of employment.
(True/False)
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Which one of the following statements is correct with respect to the liability of partners?
(Multiple Choice)
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Which of the following is correct with respect to limited partnerships?
(Multiple Choice)
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A partnership can always be brought to an end by the service of notice on the other partners, no matter what the partnership agreement says.
(True/False)
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In which one of the following situations will a court find that a partnership exists?
(Multiple Choice)
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