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LAW 122 Chapter Notes - Chapter 2: Photocopier, Alternative Dispute Resolution, Arson

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School
Ryerson University
Department
Law and Business
Course
LAW 122
Professor
Theresa Miedema

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Document Summary

Corporations: even if they are incorporated outside of canada, note: law treats corporations as legal persons for some purposes. Special cases: children: can be sued and sue if they are represented by a guardian, adults with mental illness: can sue and be sued, if represented by guardian. Government: was possible to sue the government but now can only sue under certain circumstances. Certification means that the court has decided to allow claims to be joined. The class proceeding act: act states that a judge will certify a class if the following requirements are met: Must have cause of action (legitimate claim recognized by law) Don"t need to prove case but must show there is some basis in law for the claim to be made. Must have common issues (members of the proposed class) Facts must be typical of all the members of the class. Liable for the costs related to the action.

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Related Questions

Under the corporate form of business organization

a.Ā ownership rights are easily transferred.

b. a stockholder is personally liable for the debts of the corporation.

c. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.

d. stockholders wishing to sell their corporation shares must get the approval of other stockholders

Which of the following indicates how official communications should be routed?
Ā 
A) personnel files
B) organizational chart
C) corporate culture
D) grapevine
E) lateral networks
or over five years, Rick was the CEO of JB Guitars Inc, a corporation operating a chain of retail guitar stores. He had gained tremendous practical experience and decided to start his own business selling guitars. When he first started working at JB Guitars, Rick agreed not to carry on a competing business for two years after he ended his employment with the corporation. To avoid breaching that contract, Rick incorporated a corporation named Generation X Guitars Inc to carry on the business. He is the sole shareholder, director, and president. JB Guitars claims that the new corporation is just a way of getting around the non-competition agreement and has sued for a court order prohibiting Generation X Guitars from carrying a business competing with JB Guitars. Will JB Guitars be successful?