review

Question 1

list 3 ways to finance a new or existing business

Answer 1

equity financing, debt financing and sale of assets

Question 2

bailment for the sole benefit of the bailor

Answer 2

gratuitous bailment

Question 3

3 ways employment can be terminated.

Answer 3

contractual dismissal, rightful dismissal, wrongful dismissal

Question 4

an agreement by an offeror to leave an offer open for a specified period of time

Answer 4

option

Question 5

a right to use another’s land for a specific purpose

Answer 5

easement

Question 6

if an employee of the hotel tells a guest tht the hotel will provide a greater level of liability than the statutory limitations

Answer 6

equitable estoppel

Question 7

equal pay for males and females doing the same job, equal pay for substantially similar jobs, equal pay for jobs of equal value,and pay equity

Answer 7

4 principles of equal pay legislation

Question 8

3 conditions for rightful dismissal

Answer 8

financial disloyalty, falsified qualifications, and gross and continuing incompetence

Question 9

3 kinds of misrepresentation

Answer 9

innocent, negligent, fraudulent

Question 10

5 possible consequences if you default on your mortgage

Answer 10

foreclosure, power of sale, taking possession of the property, action on the covenant, and seizure and sale of the property at auction

Question 11

What must be established to substantiate a claim for bailment?

Answer 11

property was delivered to the bailee property was accepted by the bailee, property not returned was accepted by the bailee, property not returned, or not returned in proper condition, and bailee breached duty owed to bailor

Question 12

list 5/6 items employers can expect from their employees

Answer 12

proper performance of work, good faith and loyalty, confidentiality, non-competitoion agreement, reasonable notice

Question 13

5 stages of civil action

Answer 13

pleading, discoveries, pre-trail, trail, appeal

Question 14

when one person has the power to affect another person’s property or legal interests. A person in this position has a duty to protect the interests of the other; need to act in someone else’s best interest/

Answer 14

fiduciary duty

Question 15

you and your partner decided to adopt a child, what type of leave are you and/or your partner eligible for?

Answer 15

parental leave

Question 16

the innkeeper-guest relationship change into this type of relationship if the guest stays for an extended period of time.

Answer 16

landlord-tenant

Question 17

once a contract is written, it cannot be changed without consent of both parties

Answer 17

parol evidence rule

Question 18

the period of time required to pay off the principal completely at a set interest rate

Answer 18

amortization

Question 19

who owns mislaid property

Answer 19

owner

Question 20

under the law, when an employer terminates the contract with an independent contractor, before all duties have been performed; what can the contractor sure for

Answer 20

breach of contract

Question 21

what does real property include

Answer 21

land, buildings, and fixtures.

Question 22

what is the max weeky EI benefits

Answer 22

413$ or 55% of the claimant’s average insure earnings

Question 23

3 types of bailment

Answer 23

sole benefit of bailor(Gratuitous bailment), sole benefit of the bailee, bailment for fire.

Question 24

what are the 3 exceptions to the common law absolute liability rule

Answer 24

acts of god, acts of a public enemy, guests’ own negligence

Question 25

in a criminal procedure list the 3 types of offenses

Answer 25

summary conviction(minor), indictable(serious), and hybrid.

Question 26

when leaving property with the hotel for safekeeping the guest must make the hotel aware to the value and need for safe custody

Answer 26

express deposit

Question 27

once a lien is registered, a claim must be issued within 90 days of substantial completion of the work

Answer 27

“perfect” a lien

Question 28

defendant is automatically liable even though no injury has occurred-not following government codes and regulations will result in this

Answer 28

strict liability

Question 29

4 purposes of sentencing

Answer 29

specific deterrence, general deterrence, rehabilitation, and protection of the public

Question 30

exemplary damage

Answer 30

damges that are imposed to punish and to make an example of the offending party

Question 31

when the police do not need a warrant to search your residence and/or business

Answer 31

consent searches, searches made is connection with an arrest, emergency exception(imminent danger), and the plain view doctrine

Question 32

4 elements of bailments

Answer 32

1. only personal property
2. physical possessions
3. acknowledge receipt
4. agreement to return

Question 33

a restriction placed on some aspect of land use

Answer 33

restrictive covenant

Question 34

4 conditions of adverse possession

Answer 34

open and notorious, unchallenged, exclusive, continuous

Question 35

author of the universal declaration of human rights in 1948

Answer 35

john humphrey

Question 36

what r the statutory remittances an employer must make for their employee

Answer 36

income tax, EI, and CPP/QPP

Question 37

the price a party pays for the promises

Answer 37

consideration