Bentham Inc Sued Locke Ltd in Tort

question 56

Multiple Choice

Bentham Inc sued Locke Ltd in tort.The judge denied liability on the grounds of remoteness.This means that

• A)the tort that Locke committed was not an intentional tort.
• B)Locke's tort did not in fact cause Bentham's loss.
• C)the tort must have been committed by a person who worked for Locke as an independent contractor.
• D)Bentham waited too long before starting its lawsuit against Locke.
• E)the tort occurred outside of Canada.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Stock

Shares in the ownership of a company, representing a claim on part of the corporation's assets and earnings.

Share

A unit of ownership in a company or financial asset that gives the holder a claim on part of the company's assets and earnings.

Transfer Agent

An entity appointed by a corporation to maintain records of investors, account balances, and transactions; to issue and cancel shares; and to handle share transfers.