Tort
The name of the liability caused by a person failing to live up to the standard expected of a reasonable member of a group with special expertise?
What is Professional liability?
What is the legal effect of illegal agreements?
The agreement is considered void from the beginning
What are the obligations of an employer?
A. Ensure the mental health and happiness of their employees;
B. Promote events and entertainment for their employees;
C. Pay wages/salary and provide safe working conditions/environment;
D. Love and support all their employees equally
C. Pay wages/salary and provide safe working conditions/environment
Who owns the assets of a corporation?
The corporation, the shareholders do not own any of the assets
The name of liability even in the absence of fault.
What is strict liability?
Which is one of the exceptions of consideration where the promisee can use it as a shield not as a sword
a. Quantum Meruit
b. Caveat Emptor
c. Promissory Estoppel
d. Paying less to satisfy a debt
e. Settlement out of court
c. Promissory Estoppel
What should you never forget to mention in an employment contract?
A. Wages/Salary rate;
B. Hours of work;
C. Job description;
D. All of the above;
D. All of the above
What’s the difference between an agent and a broker?
A broker works for insured, agent works for insurance corporation
The name of the test for causation used in negligence actions to determine whether the injury would have occurred had it not been for the act of the defendant.
What is the "but for" test.
What remedies are often provided for in the body of a contract?
Liquidated damages, deposit, and down payments
Can a reasonable notice period reach 2 years?
Yes, for senior managers.
What are the three reasons courts would “lift the corporate veil” and go after the shareholders/directors of a corporation
If Fraud, Deceit, or Acts done to avoid government regulations have occurred
The name of the tort law principle that states that the defendant is not liable for an injury or loss that was inevitable.
What is the crumbling skull rule?
Kevin wants a PC to play games and he is 17 years old. He goes to the store to buy one and tells the store owner that he is 19 years old and he provides an ID to prove it. The store owner allows him to purchase the PC with an instalment payment. Can the store owner enforce the contract?
No, because Kevin is only 17 years old and does not have a capacity to bind with the contract
Jared and his wife Stacey opened a corporation and decided to sell shares to generate funds for this new endeavour. Jared wants to ensure that his wife will get first preference when dividends are being distributed. What should he do to ensure this will happened?
Give his wife preferred shares
The name of the test that determines whether a duty of care is owed, based on what people should have anticipated would be a consequence of their actions.
What is the reasonable foreseeability test.
Shams hires Dave to paint her wall on Friday for $10. When Dave arrives, Shams does not want to pay him. What can Dave do?
He refuses to paint the wall or insists on payment and paint the wall
What is constructive dismissal?
When the employer unilaterally changes the contract or demotes the employee without consent (refuses to perform the original contract).
What is the amount a principal of a corporation can be personally liable for?
Amount of the initial investment