Under PIPEDA, Which of the Following Statements Is FALSE? Companies

question 63

Multiple Choice

Under PIPEDA, which of the following statements is FALSE? Companies that collect information

• A)have an obligation to retain the information only as long as required for the purpose identified at the time it was collected
• B)have an obligation to maintain the accuracy of personal information
• C)have an obligation to put security safeguards in place to protect the information
• D)can face fines of up to $10 million and 10 years in jail if they leak private information
• E)can be guilty of an offence if they accidentally leak customers' private information

---

Definitions:

Legal Obligations

Duties that are enforced by law, requiring an entity or individual to act or refrain from acting in a certain way.

Confidential Information

Information that is not made public and is protected by law or agreement due to its sensitive nature.

Shareholders' Meetings

Formal gatherings where shareholders of a corporation meet to discuss and vote on corporate matters.

Shareholder's Right

Rights held by shareholders of a corporation, including voting power, dividends, inspection of books, and right to sue for wrongful acts.