In the Case of Fidler V

question 22

Multiple Choice

In the case of Fidler v.Sun Life Assurance Company of Canada,[2006] 2 S.C.R.3.,the Supreme Court of Canada rejected the traditional view that damages for mental distress should be tightly controlled and exceptional and asked instead,"What did the contract promise?" Which of the following represents the answer the court arrived at with respect to that question?

• A) Damages arise from lack of provision of a psychological benefit.
• B) Damages arising from mental distress should be tightly controlled.
• C) Damage awards should be a benefit of a personal nature.
• D) Damages arising from mental distress should be exceptional.

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Definitions:

Cash Dividends

Payments made by a company out of its profits to its shareholders in the form of cash.

Comparative Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at two different points in time to analyze financial health and trends.

Net Income

The company's final financial gain once every expense, tax, and cost is subtracted from the gross income.

Operating Activities

Financial transactions and events related to the core business operations of a company.