In Hodgkinson V

question 24

Multiple Choice

In Hodgkinson v. Simms, an accountant advised a client to invest in a real estate development while also acting for the developers. What did the Supreme Court of Canada find?

• A) The presence of a financial risk was the identifying feature of a fiduciary relationship and, in this case, imposed the fiduciary duty.
• B) The presence of a financial risk was the identifying feature of a fiduciary relationship but, in this case, did not impose a fiduciary duty.
• C) The presence of loyalty, trust, and confidence were identifying features of a fiduciary relationship and, in this case, imposed the fiduciary duty.
• D) A fiduciary relationship could not arise in circumstances where an investor acted of his own accord.
• E) A fiduciary relationship could not arise in commercial circumstances, such as those found in this case.

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Definitions:

Distinct Resamples

Unique subsets of data selected from a larger dataset, often used in bootstrap and other resampling techniques to estimate statistical precision.

Likely

A term indicating that something has a high probability of occurring or being the case.

Measurements

The process or action of obtaining quantitative data or the size, length, or amount of something, using standard units.

Resamples

The process of repeatedly taking samples from a given dataset, often used in statistical methods to estimate properties of a population.