Choose the Statement Below That Is Incorrect

question 98

Multiple Choice

Choose the statement below that is incorrect.

• A)The Competition Act distinguishes between practices that are criminal and practices that are noncriminal.
• B)The Director of the Competition Bureau sends alleged violations of a noncriminal nature to Parliament for examination.
• C)The Competition Act of 1986 established a Competition Bureau.
• D)The Competition Act of 1986 established a Competition Tribunal.
• E)Canada's anti-combine law dates from 1889.

---

Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

Bylaws

The set of rules and regulations that govern the internal management and structure of a corporation or organization.

Shareholder Agreement

A contract among a company's shareholders detailing the rights and obligations, often including aspects like voting rights and share sales.

MBCA

Stands for the Model Business Corporation Act, a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to guide states in the development of their corporate statutes.