Which of the Following Was the Result in Floyd Finch

question 40

Multiple Choice

Which of the following was the result in Floyd Finch v. Bruce Wayne Campbell, the case concerning whether the fiduciary relationship between law partners gives rise to a duty to bill clients expeditiously, the court held that

• A) by not billing clients in a timely manner, Finch was purposefully trying to undermine Campbell's reputation and therefore expulsion from the firm was proper.
• B) expelling a partner who did not bill clients expeditiously, even after requests by the partners and clients, because the partner did not want to show 'income' for purposes of his dissolution of marriage was in fact a breach of fiduciary.
• C) the jury errored in finding that Finch breached his fiduciary duty because there was conflicting evidence presented at trial.
• D) Finch and Campbell were partners and as such each had the right to expel the other for practice that hurt the law firm and neither breached their fiduciary duty to each other.
• E) expelling a partner by another partner is question of law that is governed by the Uniform Partnership Act and that the trial court incorrectly gave a summary judgment to Finch.

Comprehend how managerial decisions can impact a firm's beta and overall risk profile.

Acknowledge the role of macroeconomic factors, such as inflation, on investment returns and the risk-free rate.

Grasp the importance of diversifying among various types of investments to protect against economic uncertainty.

Understand the concept of diversification and how it impacts risk in investment portfolios.

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Definitions:

Victim-blaming

The tendency to hold the victim of a crime or wrongful act responsible for their own harm rather than the perpetrator.

Slut-shaming

Refers to the act of criticizing or punishing individuals, usually women, for their apparent or real sexual behavior, attire, or desires, based on societal norms of sexuality.

Bias

An inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Ideological

Relating to or characterized by a set of beliefs, values, or ideas that shapes one's view of the world and forms the basis for political or social theory and policy.