What Is the Most Common Type of Firm in Canada

question 54

Multiple Choice

What is the most common type of firm in Canada and the world?

• A)sole proprietorships
• B)partnerships
• C)limited partnerships
• D)corporations
• E)limited liability partnerships

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Definitions:

Actual Malice

A legal standard used to prove libel or slander that shows the publisher knew the statement was false or acted with reckless disregard for the truth.

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Falsity

Relates to the quality or state of being false or untrue.

Conversion

Any distinct act of dominion wrongfully exerted over another’s personal property in denial of or inconsistent with his rights therein. That tort committed by a person who deals with chattels not belonging to him in a manner that is inconsistent with the ownership of the lawful owner.