When Jose Lopez Left General Motors and Took an Executive

question 10

Multiple Choice

When Jose Lopez left General Motors and took an executive position with Volkswagen, General Motors (GM) accused him of taking top secret designs and strategies. Which of the following statements is FALSE?

• A)Volkswagen may have been liable for inducing breach of confidential information
• B)Volkswagen may have been liable for passing off
• C)Lopez may be liable for misuse of confidential information
• D)A court may have awarded GM punitive damages if it went to trial
• E)this case settled out of court and GM received a multi-million dollar amount

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Definitions:

Security Interest

A legal claim or lien on collateral (property or assets) granted to secure the performance of an obligation, usually repayment of a debt.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services to individuals and businesses.

Negotiable

Capable of being transferred or assigned to another party in return for value received; often used in reference to financial instruments.

Restrictive Endorsement

An endorsement that limits the transferability of an instrument or controls the manner of payment under an instrument.