Marlon and Peter Who Are Alone in an Office Together

question 47

Multiple Choice

Marlon and Peter who are alone in an office together, are having an argument during the course of which Marlon says to Peter: "You are the lowest form of a thief". Marlon does not have any knowledge of Peter being a thief. Which of the following is TRUE?

• A)Marlon has not committed a tort
• B)Marlon has not committed a tort because words said in the heat of an argument are not actionable.
• C)If Peter sues Marlon for defamation, Marlon can successfully rely on the defence of absolute privilege.
• D)If Peter sues Marlon for defamation, Marlon can successfully rely on the defence of qualified privilege.
• E)Peter can sue Marlon for defamation because Marlon has made an untrue statement about him.

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Definitions:

Economic Profit

A calculation of profitability that takes into account both the direct costs and opportunity costs of pursuing a particular course of action.

Economies Of Scale

The situation when a firm’s average total cost of producing a product decreases in the long run as the firm increases the size of its plant (and, hence, its output).

Excess Production

The situation where more units of a product are produced than are demanded, often resulting in surplus inventory.

Economic Theory

Economic theory encompasses models and principles that explain the functioning of economies, markets, and the behavior of economic agents. It seeks to understand how resources are allocated, prices are set, and wealth is distributed.