Ontario Barrister and Solicitor Practice Exam

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What would a client not expect to be included in a lawyer's opinion regarding a potential purchase of a corporation?

An assumption of liability for 3rd party work
A review of corporate tax compliance
An overview of regulatory compliance
Assessment of intellectual property rights

The correct answer is: An assumption of liability for 3rd party work

A client would not typically expect a lawyer's opinion to include an assumption of liability for 3rd party work because this involves taking on responsibility for any legal issues or claims related to the work of outside parties. This is not a common aspect of a lawyer's opinion and would likely not be included in the scope of their review for a potential purchase of a corporation. The other options (B, C, and D) are all potential topics that a lawyer may cover in their opinion regarding a potential purchase of a corporation. B refers to potential tax compliance issues within the corporation, C deals with regulatory compliance and any required licenses or permits, and D involves assessing the intellectual property owned by the corporation. These are all important considerations for a potential purchase and are more relevant to the overall transaction than assuming liability for 3rd party work.