Jack Works as a Financial-Planning Consultant for Adco Ltd

question 115

Multiple Choice

Jack works as a financial-planning consultant for Adco Ltd., a company that provides financial advice to its clients. At a three-martini lunch with Benson, one of Adco's clients, and Carson, a friend of Benson's, Jack mistakenly advised Benson to buy shares of Moose Jaw Mining because he thought that Adco had investigated the prospects of the company. In fact, Adco had investigated Goose Jaw Mining and was recommending it to its clients. As it turned out, Benson ignored Jack's advice but Carson bought a lot of Moose Jaw shares and lost all of his money when the mining operation went broke. Which one of the following statements accurately describes Carson's legal situation?

• A) Because there was no contractual connection between Carson and anyone else, he has no legal right to compensation.
• B) Carson will have to sue Benson and then Benson can turn around and sue Jack under the principles of vicarious liability.
• C) Jack cannot be held responsible for Carson's loss because someone who is incapacitated at all by alcohol cannot be held liable in tort for actions while incapacitated.
• D) Jack cannot be held liable for Carson's loss, but Adco can be because it employed Jack.
• E) Jack can only be held liable if Carson can establish that Jack owed him a duty to be careful.

---

Definitions:

Big Five

A model in psychology that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Workplace Behaviours

Refers to the range of actions and interactions among employees within an organization, influencing its culture and performance.

Performance

The act of carrying out or accomplishing an action, task, or function, often measured against predetermined standards.

Self-Esteem

A person's overall sense of their value or worth.