In Ascent Financial Services Ltd

question 58

Multiple Choice

In Ascent Financial Services Ltd. v. Blythman, the Court decided

• A) that Anna and Art were in breach of both the sale of goodwill agreement and the non-competition agreement, as well as their fiduciary duty.
• B) that Carolyn and Don were in breach of both the sale of goodwill agreement and the non-competition agreement, as well as their fiduciary duty.
• C) that Carolyn and Don were in breach of only their fiduciary duty.
• D) that Anna and Art were in neither in breach of the sale of goodwill agreement nor the non-competition agreement.
• E) that Anna only and not Art was in breach of her fiduciary duty.

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Definitions:

Invincibility Fable

A feeling of being invulnerable, or even immortal that can be part of an adolescent’s personal fable.

Personal Audience

The imaginary audience that individuals, especially adolescents, believe is constantly watching and evaluating their actions.

Self-Focused View

A self-focused view is a perspective where an individual prioritizes their own thoughts, feelings, and needs, often at the expense of considering others' perspectives or societal norms.

Private Accountant

An accountant who is employed by a single organization to perform financial duties such as audits, budgeting, and financial statement preparation internally.