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Ques1. Which of the following is the primary legislation governing corporate law in Ontario?
Ontario Corporations Act (OCA)
Canada Business Corporations Act (CBCA)
Ontario Business Corporations Act (OBCA)
Securities Act (Ontario)
Ques2. Under the OBCA, what is the minimum number of directors required for a corporation?
1
2
4
5
Ques3. Which document sets out the rules for the operation of a corporation?
Articles of Incorporation
Bylaws
Shareholder Agreement
Partnership Agreement
Ques4. A director of a corporation owes a duty to:
Shareholders only
Creditors only
Corporation
Government
Ques5. Which of the following is not a duty of directors under the OBCA?
Fiduciary Duty
Duty of Care
Duty of Loyalty
Duty to maximize profit
Ques6.
Ques7.
Ques8.
Ques9.
Ques10.