Business Law In Canada 11th Edition by Yates – Test Bank
ISBN-10: 0133847136, ISBN-13: 978-0133847130
Chapter 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.
Answer: D
Diff: 1 Type: MC Page Ref: 2
Topic: Ch. 1 – Becoming a Sophisticated Client
Skill: Recall
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”
Bloom’s Taxonomy: Knowledge
2) Which of the following best describes the likelihood of a student becoming involved in a situation 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 situation.
- C) Because students are not business people, they never become involved in such situations.
- D) Because students cannot be sophisticated, they will often become involved in such situations.
- E) Legal advice is not available to students.
Answer: A
Diff: 1 Type: MC Page Ref: 2
Topic: Ch. 1 – “I Think I Need Legal Advice…”
Skill: Applied
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”
Bloom’s Taxonomy: Knowledge
3) 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.
Answer: B
Diff: 2 Type: MC Page Ref: 2
Topic: Ch. 1 – “I Think I Need Legal Advice…”
Skill: Applied
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”
Bloom’s Taxonomy: Knowledge
4) Having a good lawyer on your team is
- A) usually too expensive to be worthwhile.
- B) only necessary for large companies.
- C) a good alternative to becoming a sophisticated client.
- D) a legal requirement prior to incorporating a business.
- E) a critical component of being a sophisticated client.
Answer: E
Diff: 3 Type: MC Page Ref: 3
Topic: Ch. 1 – Becoming a Sophisticated Client
Skill: Applied
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”
Bloom’s Taxonomy: Knowledge
5) Which of the following best describes the role of the lawyer?
- A) The lawyer makes the legal decisions for the client.
- B) The lawyer is simply one of the experts the businessperson consults.
- C) The client must follow the lawyer’s instructions, as long as they are lawful.
- D) The client makes decisions regarding civil matters; the lawyer makes decisions regarding criminal matters.
- E) The lawyer makes decisions regarding civil matters; the client makes decisions regarding criminal matters.
Answer: B
Diff: 2 Type: MC Page Ref: 3
Topic: Ch. 1 – The Role of the Lawyer
Skill: Recall
Objective: Chapter 1: 2. Examine the role of the lawyer.
Bloom’s Taxonomy: Knowledge
6) One reason for a lack of respect for lawyers is that
- A) many people do not understand the role of the lawyer in the solicitor-client relationship.
- B) lawyers are not bound by a code of professional conduct.
- C) lawyers who breach their duties are generally not subject to any punishment.
- D) lawyers are rarely able to provide information or advice relevant to business matters.
- E) the cost of legal advice generally outweighs its benefit.
Answer: A
Diff: 2 Type: MC Page Ref: 3
Topic: Ch. 1 – The Role of the Lawyer
Skill: Recall
Objective: Chapter 1: 2. Examine the role of the lawyer.
Bloom’s Taxonomy: Knowledge
7) The role of the lawyer is to
- A) provide legal advice relevant to the client’s situation, which the client is free to ignore.
- B) provide legal advice relevant to the client’s situation, which the client has no choice but to follow.
- C) tell clients what they must do.
- D) tell clients what they must not do.
- E) delay the client’s decision-making process.
Answer: A
Diff: 2 Type: MC Page Ref: 3
Topic: Ch. 1 – The Role of the Lawyer
Skill: Recall
Objective: Chapter 1: 2. Examine the role of the lawyer.
Bloom’s Taxonomy: Knowledge
8) Which of the following statements best describes solicitor-client privilege?
- A) The lawyer makes the legal decisions for the client.
- B) The lawyer is the only expert a client should consult.
- C) The lawyer must follow the client’s instructions, even if they are illegal in nature.
- D) It is the duty of the lawyer to keep the information provided by the client confidential.
- E) The lawyer makes decisions regarding civil matters; the client makes decisions regarding criminal matters.
Answer: D
Diff: 2 Type: MC Page Ref: 4
Topic: Ch. 1 – The Role of the Lawyer
Skill: Recall
Objective: Chapter 1: 2. Examine the role of the lawyer.
Bloom’s Taxonomy: Knowledge
9) Sophisticated clients
- A) do not require the services of a lawyer.
- B) understand the importance of the solicitor-client relationship.
- C) distrust and deride lawyers.
- D) is someone with formal legal training.
- E) should represent themselves, rather than paying for legal services.
Answer: B
Diff: 2 Type: MC Page Ref: 5
Topic: Ch. 1 – When to Hire a Lawyer
Skill: Recall
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”
Bloom’s Taxonomy: Knowledge
10) Raman is a sophisticated client. This means that she
- 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.
Answer: A
Diff: 1 Type: MC Page Ref: 5
Topic: Ch. 1 – When to Hire a Lawyer
Skill: Recall
Objective: Chapter 1: 1. Explain the meaning of “sophisticated client.”
Bloom’s Taxonomy: Knowledge
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