Amarjeet and Doris Were Competitors in the Widget Industry

question 14

Essay

Amarjeet and Doris were competitors in the widget industry. In an over- exuberant effort to take over her business, Amarjeet told Doris that he would spread false and unflattering rumors about her unless she sold her company to him. While Doris was initially quite frightened by Amarjeet's behaviour, she eventually refused to sell her company to him. She has now sued him for the tort of intimidation. Amarjeet has argued in defence that he acted solely for the purpose of furthering his own financial interests, and not out of a desire to hurt Doris. The evidence indicates that he is telling the truth in that respect. He also resists liability on the basis that he never actually did defame Doris as he had threatened to do. Will either of those defences protect Amarjeet from liability? Is there any other basis upon which he can avoid liability? Explain your answers.

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Definitions:

P

Typically refers to "Price" in economic models, representing the monetary value assigned to a good or service in the market.

V

Typically stands for Velocity in economic contexts, referring to the rate at which money circulates in the economy.

Monetary Policy

The process by which a central bank, like the Federal Reserve, controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.

Primary Growth

The initial stage of growth or expansion in an organism, market, or economic indicator, often characterized by rapid increases or significant changes.