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Business Law in Canada 12th Canadian Edition by Richard A. Yates Test bank

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Answer: Lawyers found guilty of misconduct may face reprimand, fine, suspension,
disbarment, and payment of the costs of the hearing.
Diff: 2 Type: ES Page Ref: 11
Topic: Ch. 1 - How to Complain About Your Lawyer
Skill: Applied
Objective: Chapter 1: 7. Outline the procedure to follow to complain about your lawyer.
Bloom's Taxonomy: Knowledge
112) Distinguish between law and ethics.
Answer: Law tells us what we must do, while ethics tells us what we should do.
Diff: 1 Type: ES Page Ref: 12
Topic: Ch. 1 - Ethics
Skill: Recall
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
113) Provide three examples of conduct that fail to meet the standards of professional
responsibility for lawyers.
Answer: There are numerous possible responses. Examples provided in the text include failing
to serve a client in a timely fashion, failing to respond to clients, failing to disclose to a judge
that another judge had previously refused the same application, swearing a false affidavit, poor
accounting of a trust account, improper transfers from trust accounts, and misappropriation of
trust funds.
Diff: 3 Type: ES Page Ref: 13
Topic: Ch. 1 - Ethics of Lawyers
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
114) In addition to penalties from the provincial law society, in what else may a lawyer's
misconduct result?
Answer: If the behaviour is also criminal, the lawyer may face criminal charges. If the
behaviour results in a client suffering a financial loss, the lawyer may also be sued.
Diff: 3 Type: ES Page Ref: 13
Topic: Ch. 1 - Ethics of Lawyers
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
32
© 2020 Pearson Canada Inc.
115) Provide three examples of issues that ought to be addressed in a business person's code of
ethics.
Answer: Examples could include conflicts of interest, protection and proper use of corporate
assets and opportunities; confidentiality of corporate information; fair dealing; compliance with
laws, rules, and regulations; and the reporting of any illegal or unethical behaviour.
Diff: 3 Type: ES Page Ref: 18
Topic: Ch. 1 - Ethics of Clients
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
116) What are the six core values identified by the Josephson Institute for Ethics?
Answer: The six core values are trustworthiness, respect, responsibility, fairness, caring, and
citizenship.
Diff: 3 Type: ES Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
117) What is a code of business conduct?
Answer: A code of business conduct is a formal statement adopted by a business that sets out
its values and standards of business practices, essentially codifying organizational values and
establishing procedural norms and standards of expected behaviour.
Diff: 3 Type: ES Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
118) Why should a code of business conduct be used by a small business?
Answer: An effective code of conduct is one of the best ways to ensure the long-term adoption
of ethical behaviour by employees.
Diff: 2 Type: ES Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
119) What format must a code of business conduct take?
Answer: There is no prescribed format.
Diff: 2 Type: ES Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Recall
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
33
© 2020 Pearson Canada Inc.
120) What is a good way to ensure the long-term adoption of ethical behaviour of employees of a
business?
Answer: Create and use an effective code of conduct.
Diff: 3 Type: ES Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
121) Explain what makes someone a "sophisticated client."
Answer: A sophisticated client is someone who understands the role a lawyer plays, when to
represent himself or herself, when and how to hire a lawyer, the costs associated with hiring a

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