Ontario Barrister and Solicitor Practice Exam 2025 - Free Barrister and Solicitor Practice Questions and Study Guide

Question: 1 / 400

What searches should a lawyer conduct during PPSA registration for a bank?

Only a corporate records search

Corporate records, securities, IP, executions, and bankruptcy searches

A Only conducting a corporate records search would not be sufficient for a lawyer to complete a PPSA registration for a bank. While it is important to gather information about the corporate entity, it is also crucial to search for any existing securities, intellectual property rights, and potential bankruptcy or legal judgments that could impact the registration process.

C: Public records and criminal background checks are not directly relevant to a PPSA registration for a bank. While these searches may be necessary for other legal matters, they do not pertain to the specific requirements and considerations of a PPSA registration.

D: A property zoning and land use search is not a required or relevant search for PPSA registration. This type of search is more applicable for real estate or property-related legal matters, rather than the registration process for a bank.

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Public records and criminal background checks

Property zoning and land use search

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