Which of the Following Is True with Respect to the Duty

question 26

Multiple Choice

Which of the following is true with respect to the duty owed when a person is in possession of confidential information?

• A) The nature of the duty is not to disclose confidential information about a business that would cause harm to the business or bring personal benefit.
• B) A duty is only owed when the information is copyrighted or patented.
• C) There must be a fiduciary duty, in order to have a legal obligation not to disclose confidential information.
• D) There is an obligation of duty, only if stems from contract law.
• E) The duty is owed only between partners within a partnership.

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Definitions:

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Annual reports are comprehensive documents produced by companies at the end of their fiscal year, detailing financial performance, operations, corporate activities, and future outlooks, aimed at stakeholders and regulatory bodies.

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Critical elements necessary for an organization to achieve its mission and for ensuring its long-term survival.

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Variations in market conditions, such as changes in prices and demand, often influenced by economic indicators, market sentiment, and external events.