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TABLE OF CONTENTS

Sample Questions from Past Exams

Q&A

Competencies

Event Overview

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*Note

This event tests the participants on the laws and regulations of the United States of America, NOT CANADA and the workshops are focused on the same too.

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EVENT OVERVIEW

WHAT IS BUSINESS LAW AND HOW DO YOU COMPETE?

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BUSINESS LAW INTRO

Apply knowledge of the legal system to business contexts
Example areas of knowledge: crime, regulations, and contracts
FBLA Canada will be running Business Law for the first time this year!

Event guide and past exams can be found here: https://drive.google.com/drive/folders/1jXXtBDkDKceykNJMCz8E3wX3oMAV01Lz?usp=sharing

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HOW TO COMPETE

High school students compete at CNLC (Canadian National Leadership Conference) annually.
Students pick from a variety of events to compete in

Competition formats include: objective test, roleplay, presentation

Competing in Business Law involves answering 100 multiple-choice questions in 60 minutes
Top 3 scorers qualify for the international conference (NLC). They also receive medals and certificates.
Certificates for Top 20 competitors.

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WHAT TO EXPECT

The following are the main topics which you will be tested on. Don’t worry! Most of these will be covered in future sessions!

Legal Systems Levels of court Legal professions Ethics and laws Definitions of crimes	Business Organization Organizational structures Partnerships Shareholders S.E.C	Contracts and Sales Breach of contract Contracts and minors Sale and transfer of goods	Agency and Employment Law Duties of agents Employee rights Employment termination
Consumer Protection and Product Liability Laws protecting consumers Unfair practices Liability Warranty	Insurance and Bankruptcy Parties of negotiation Insurance Reasons of bankruptcy	Property and Cyber Laws Property transfer Leasing vs Owning Cyber crimes and protection laws	Personal Law Terms related to marriage Duties of minors and guardians Wills

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MORE INFORMATION

A detailed breakdown can be found in the following folder:

https://drive.google.com/drive/folders/1jXXtBDkDKceykNJMCz8E3wX3oMAV01Lz?usp=sharing

the Link to the Competencies List is:

https://www.dropbox.com/sh/yxms43d47hltcdb/AAB2gUNr2BSJcz0ySWDb1rv-a?dl=0&preview=FBLA+Business+Law+Competencies.docx

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SAMPLE EXAM QUESTIONS

HOW MUCH DO YOU KNOW ALREADY?

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DIAGNOSTIC

To make the paper (cheque) payable to the order of a designated party, which endorsement must one use?

A court-appointed male personal representative overseeing an estate is called what?

The type of insurance that covers automobile, burglary, disability, and liability would be what?

* Answers are on the next slide

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DIAGNOSTIC ANSWERS

To make the paper (cheque) payable to the order of a designated party, which endorsement must one use? Special endorsement

A court-appointed male personal representative overseeing an estate is called what? An administrator

The type of insurance that covers automobile, burglary, disability, and liability would be what? Casualty insurance

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