1.Tom, a principle is not bound in a contract with a third party with whom his agent, David, dealt if David acted

a. Within her actual authority

b. Within her apparent authority

c. Outside her authority but gratified

d. Outside her actual and apparent authority

2. Preferred share give the shareholder the right to cast a vote at the annual shareholders meeting

True

False

3. If a partnership of three equal partners owes $3 million to the bank how much of that debt is one of the partners potentially liable for?

a. 1 million

b. 6 million

c. 3 million

d. Zero

4. Trademarks are to prevent the deception of people who think they are dealing with the company usually associated with the symbol

True

False

5. David was employed as a barista at a well-known coffee shop in Vancouver. After cleaning up at one of the tables, she noticed a valuable bracelet on the floor beneath the table. As a finder of the bracelet, she is always entitled to keep it except if the real owner could be found.

True

False

6. In Canada, patent protection does not come automatically but must be applied for. This process of applying for a patent is:

a. straightforward

b. Complex and expensive

c. Inexpensive

d. A process that always takes at least five years

7. An employee could not be sued for disclosing a companys customer list or operations strategy because no trade secret or unique manufacturing process is involved.

True

False

Please Answer All of These