Business Law For Accounting (Term Paper Sample)

Part A –SHORT ANSWER QUESTIONS (40 marks – 5 marks each)
Answer any EIGHT (8) of the following FIFTEEN (15) short answer questions. Your answers should be concise (brief but comprehensive). If you answer more than EIGHT (8) questions, only the first EIGHT (8) answers will be marked.
1. Name and describe the THREE (3) main forms of business organizations.
2. Name and describe THREE (3) scenarios where a Director of a corporation can incur liability, either for the acts or omissions of the corporation or for the Director’s own acts or omissions.
3. Name and describe FOUR (4) duties owed by an agent to his/her principal.
4. What is a secured creditor and what is an unsecured creditor? Name ONE (1) example of each.
5. What is an acceleration clause in a debt instrument? Name TWO (2) types of debt instruments which could contain an acceleration clause.
6. Name THREE (3) types of tangible personal property and TWO (2) types of intangible personal property which a business can pledge to a creditor as collateral.
7. What is a Purchase Money Security Interest? How does it rank against other types of security interests?
8. What is the general rule for the determination of priority between mortgagees and what is an exception to this rule?
9. What is wrongful dismissal? What are the possible remedies for someone who has been wrongfully dismissed?
10. Name and describe THREE (3) factors to consider in determining the length of notice required for the termination of an employment contract.
11. In what situations can a business considered to be a Dominant Position of its industry? How does legislation protect consumers from businesses in Dominant Positions?
12. What is bait-and-switch selling? What legislation(s) does this practice contravene?
13. What types of intellectual property do patents, trademarks, and copyright each apply to? Provide real world examples of each.
14. Name TWO (2) scenarios where one party would allow another party to use its intellectual property rights? Provide real world examples of each.
15. What is CASL and what activities does CASL prohibit? Identify the level of jurisdiction of the legislation.
Answer all questions in your examination booklet.
No answers marked on this examination paper will be considered.
LONG ANSWER QUESTIONS (30 marks – 10 marks each)
Answer any THREE (3) of the following SIX (6) long answer questions. Your answers should be as broad as possible in order to demonstrate your knowledge of the relevant course material and concepts. If you answer more than THREE (3) questions, only the first THREE (3) answers will be marked.
1. Define and distinguish between the following types of liability covered during the course: strict liability, vicarious liability, joint and several liability. Provide ONE (1) example of each.
2. What are the TWO (2) methods of purchasing the business of a corporation? What are the differences between the different methods and what are the relevant legal considerations?
3. What is the Four-Fold Test in employment law? What are the elements of the test and what does it determine?
4. Name and describe THREE (3) of the five general approaches to protecting consumers in consumer protection legislation. Provide real life examples of each.
5. Name and describe THREE (3) types of restrictive trade practices which are outlawed by the Competition Act.
6. What is PIPEDA and how does it protect the privacy of Canadians? How does the requirement of consent fit into PIPEDA?
PART C – CASE STUDY QUESTION (30 marks)
Apply SIX (6) topics or legal concepts covered in this course towards to current COVID-19 pandemic. (5 marks each)
For each topic or legal concept, (1) identify whether it belongs to public or private law (2) identify the possible parties involved, (3) name any applicable legislation, (4) apply the specific topic or legal concept to the current COVID-19 pandemic (can be real or fictitious), and (5) identify possible legal consequences and defences.
END OF FINAL EXAM