Josie Lost a Breach of Contract Case Against Charles

question 68

Multiple Choice

Josie lost a breach of contract case against Charles. She has now launched an appeal of the trial judge's decision. Which of the following statements is TRUE with respect to that appeal?

• A) Josie's first appeal will likely be heard by three judges of the appellate court.
• B) Although the appellate court is always entitled to apply its own view of the law, the trial judge's finding of facts can be overruled only if the members of the appellate court are unanimously agreed that the trial judge made a mistake.
• C) The appellate court may accept or reject the trial judge's decision, but it cannot vary the terms of the trial judge's final order.
• D) Although an appellate court is entitled to award damages, it cannot order specific performance of a contract.
• E) If Josie loses her first appeal, she has a right to appeal to the Supreme Court of Canada as long as her claim is worth at least $100 000.

Calculate and understand the concept of differential revenue and cost.

Evaluate investments based on opportunity costs and alternative investments.

Determine the financial impact of replacing or disposing of equipment.

Grasp the basic principles of relevant revenues and costs in decision making.

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Definitions:

Record Date

The specific date set by a company to determine the shareholders eligible to receive dividends or other distributions.

Payment Date

The specific date on which a dividend payment is made to shareholders or a date on which any financial obligation must be settled.

Basic Earnings

The income earned by a company divided by the total number of shares outstanding; a measure of the company's profitability.