The CBCA

question 35

Multiple Choice

The CBCA

• A)applies to every corporation that operates in Canada.
• B)requires, as part of the incorporation process, a name search that shows that the proposed name for the corporation is not already in use in Canada.
• C)provides the model for the corporation legislation that exists in every province in Canada.
• D)applies only to corporations that conduct business in areas that, according to sections 91 and 92 of the Constitution, fall within the legislative authority of the federal government.
• E)governs most types of business organizations, including partnerships and sole proprietorships.

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Definitions:

Merger Clause

A clause in a written agreement within the statute of frauds that states that the written agreement accurately reflects the final, complete version of the agreement.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed to be enforceable.

Obligor's Consent

The necessary agreement or permission from the party obligated to perform under a contract or legal duty.

Parol Evidence Rule

A legal principle that prohibits the use of oral or written statements made prior to or at the time of a written contract to change or contradict the terms of the contract.