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2025S Business Law - Part I (BUS-3010-01)
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Frederick operates a pizza shop in Charlottetown, Prince Edward Island. Cheese prices have increased significantly as a result of tariffs and supply chain management this year. Frederick has applied to Royal Bank of Canada for a business operating loan to help him through this inflationary period. Before it will grant a business loan to Frederick, Royal Bank of Canada requires certain security, including a Guarantee from an independent person that Royal Bank of Canada will review. Frederick asks his mother to provide a Guarantee to Royal Bank of Canada. His mother is retired and has significant liquid assets and agrees to provide the Guarantee to Royal Bank of Canada. What might Royal Bank of Canada do to ensure that the Guarantee is an enforceable contract?
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Which of the following acquisitions would first require a non-resident of Prince Edward Island to first seek approval from Island Regulatory and Appeals Commission?
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Upon dissolution of a partnership, which of the following items is not paid out from liquidated assets of the partnership?
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A corporation is defined as
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Which of the following constitutes real property?
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Aryna Sabalenka is considering her future after she retires from professional tennis. She has started a company that develops software for an interface with cars. She hopes to compete against Apple CarPlay. Aryna hires Novak Djokovic in his new role as a company ambassador. She wants him to understand the software and also to interact with car companies in order to sell them the software to be installed on their cars. Novak is a very efficient worker and has acquired all of the knowledge of Aryna concerning the software design. He has also made a significant number of key contacts within the automotive industry. What can Aryna do in order to protect the software data that she owns?
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