Cameron,editor of the Local Newspaper,assigned to Jim the Writing of a Story

question 5

Multiple Choice

Cameron,editor of the local newspaper,assigned to Jim the writing of a story about pollution of a nearby stream.Although Jim used reasonable care in gathering and checking his information,unknown to Jim,the story contained a defamatory statement about Maureen.Maureen reads the story and sues Jim for libel.Cameron,who read and published the story

• A)must indemnify Jim for Maureen's claim.
• B)need not indemnify Jim for Maureen's claim because Jim should have checked his facts more carefully.
• C)need not indemnify Jim for Maureen's claim because Jim breached his duty to obey instructions.
• D)can recover damages from Jim for any injury to the newspaper resulting from Jim's story.

---

Definitions:

Current Account

The current account is a component of a country's balance of payments that includes the balance of trade, net primary income, and net income from abroad.

Capital Account

The capital account, in international economics, refers to part of a country's balance of payments that records all transactions involving the purchase or sale of assets.

Gold Standard

A monetary system in which the value of a country's currency is directly linked to a fixed amount of gold, allowing for the conversion of currency into a specified amount of gold.

Floating Exchange Rates

A currency valuation system where exchange rates are determined by the free market forces of supply and demand without direct government intervention.