Tracer Corp

question 21

Multiple Choice

Tracer Corp., an exploration company, wishes to develop a silver mine on a piece of land known as the Harris tract. It lacked the capital to do so on its own, so it entered into negotiations with Big Tree Mining Ltd. for a joint venture on the project. The negotiations collapsed. Big Tree, believing Tracer's information that there was a rich silver vein on the Harris tract and knowing that Tracer did not yet own it, bought the land itself and subsequently developed the mine, making a huge profit. Which of the following is true?

• A)Tracer has no remedy unless it establishes that Big Tree owed it a fiduciary duty.
• B)Tracer has no remedy unless it establishes that Big Tree acquired the Harris tract pursuant to a constructive trust.
• C)Big Tree is liable to Tracer for breach of confidence
• D)Tracer has no remedy unless it establishes that Big Tree committed a breach of contract.
• E)Any one of A, B, or D

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Definitions:

Patent

A government grant that gives an inventor the exclusive right or privilege to make, use, or sell an invention for a limited time period.

Copyright

The exclusive right of an author or other creator to publish, print, or sell an intellectual production for a statutory period of time.

Employment Law

The branch of law that deals with the rights and duties between employers and workers.

Sexual Harassment

In the employment context, the granting of job promotions or other benefits in return for sexual favors (quid pro quo harassment), or language or conduct that is so sexually offensive that it creates a hostile working environment (hostile environment harassment).