Liability insurance is important risk management tool

Assignment Help Business Law and Ethics
Reference no: EM133330968

Questions

1. Which level of government has the power to pass a law regarding the reintroduction of the one-dollar bill in Canada?

a. Federal

b. Federal and provincial

c. Municipal

d. Provincial

2. Liability insurance is an important risk management tool because:

a. It allows management to determine whether employees are complying with workplace standards.

b. It helps ensure that staff understands all safety procedures.

c. It helps a business communicate company policies.

d. It protects a business from significant financial loss in case of a lawsuit.

3. Tax law is an example of private law.

a. True

b. False

4. John fell asleep at the wheel while driving on the highway. He crashed into Toby, who was driving another car on the highway, and seriously injured him. Which type of law will Toby use in his court case against John?

a. Administrative law

b. Private law

c. Public law

d. Regulatory law

5. A rule that requires the operator of a vehicle to drive within a speed limit is an example of procedural law.

a. True

b. False

6. Liability is:

a. A process by which a neutral third party makes a binding decision.

b. The process where one party sues another.

c. Legal responsibility for an event or loss that has occurred.

d. One of the rules governing commercial relationships.

7. The principle of precedent, as used in the common law, means that:

a. Judges' decisions are based entirely on what the judges feel is appropriate in the case before them.

b. Judges' decisions in earlier cases are followed in later similar cases.

c. Judges are required to read the Constitution before making a decision.

d. Judges' decisions are private.

Reference no: EM133330968

Questions Cloud

Comfortable transferring all of funds to cryptocurrency : Would you be comfortable transferring all of your funds to cryptocurrency? if not, what would need to occur before you would?
Referring to australian property law and sale of land act : Referring to Australian Property Law and Sale of Land Act only, A couple bought a property and just waiting for settlement date.
What is shepardizing : What is shepardizing? Can you provide a step-by-step explanation as to how to effectively shepardize a case?
Torts in absence of statutory guidance : Does the arizona state court system follow the Restatement (Second) of Torts in the absence of statutory guidance?
Liability insurance is important risk management tool : Liability insurance is an important risk management tool. A process by which a neutral third party makes a binding decision.
Butch actions are revealed and has butch committed tort : When the aide returns, she sips her drink and notices something is not right. After investigating, Butch's actions are revealed. Has Butch committed a tort?
Do you think that businesses were prepared for pandemic : Do you think that businesses were prepared for the pandemic? How has the pandemic changed how companies and organizations approach crisis management
Managers are often faced with ethical dilemmas : Managers are often faced with ethical dilemmas in their places of work. How can they deal with such dilemmas?
Strict liability torts are very dramatic in theory : One primary difference between obligations in contract and obligations in tort is. Strict liability torts are very dramatic in theory,

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd