Samuel Incorporated a Company Federally in Order to Sell Fire

question 64

Multiple Choice

Samuel incorporated a company federally in order to sell fire prevention equipment to consumers across Canada.His lawyers have told him that he can use the same standard form contract across the entire country.However,because each of the provinces have different legislation with respect to consumer contracts,some terms may be valid and enforceable in some provinces and yet void and unenforceable in others.In order to employ the use of a single standard form contract while at the same time protecting his interests,Samuel should

• A)include a term in the contract that states that any term deemed to be illegal,void or unenforceable may be severed or cut out of the contract leaving the balance of the contract to be in force.
• B)draft separate standard form contracts for each province taking into account the different legislation in force.
• C)employ the use of oral contracts with consumers which are at common law equally as enforceable as written contracts.
• D)forget the idea of selling his product to all Canadians and focus on one particular province.
• E)ensure that the standard form contract has an airtight exemption clause.

Comprehend the roles and enforcement mechanisms of regulatory agencies in advertising.

Identify the importance of message consistency across different advertising media.

Acknowledge the role of sales promotion in marketing strategy.

Understand the complexities of international advertising regulations.

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product that is similar across suppliers, leading to price determination by supply and demand.

Production Function

A mathematical schema that links the inputs utilized in creating goods or services to the outputs produced.

Supply Function

A mathematical relationship that expresses the quantity of a good or service supplied in relation to its price.

Long-Run Total Cost Function

An equation representing the total cost of production when all factors of production are variable and optimized for scale.