Ontario Barrister and Solicitor Practice Exam

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Study for the Ontario Barrister and Solicitor Exam. Quiz with flashcards and multiple choice questions, each with hints and explanations. Prepare for your legal career!

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What is unlikely an expected inclusion in an opinion from a lawyer on a corporate purchase?

The financial stability of the corporation
A review of the corporation's past legal disputes
An assumption of liability by the lawyer for third-party work
Details of the corporation's asset ownership

The correct answer is: An assumption of liability by the lawyer for third-party work

Option A is incorrect because a lawyer's opinion on a corporate purchase would likely include an assessment of the financial stability of the corporation, in order to determine the potential risks and benefits of the purchase. Option B is incorrect because a lawyer would also need to review the corporation's past legal disputes, in order to identify any potential legal issues that could affect the purchase. Option D is incorrect because details of the corporation's asset ownership would be an important factor to consider in a lawyer's opinion on a corporate purchase, as it would impact the value and legal status of the assets being acquired. Overall, option C is the most unlikely as it would be uncommon for a lawyer to assume liability for third-party work in a corporate purchase opinion as it could potentially put them at legal and financial risk.