In Which of the Following Cases Did the Court Decide

question 27

Multiple Choice

In which of the following cases did the court decide that the agent had breached their duty to act in the principal's interests?

• A)Lunghi v Sinclair [1966] WAR 172.
• B)Hewson v Sydney Stock Exchange (1967)87 WN (NSW)422.
• C)Panorama Developments (Guildford)Ltd v Fidelis Furnishings Fabrics [1971] 3 WLR 440.
• D)John McCann & Co.v Pow [1973] 1 All ER 129.

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Definitions:

Exercise Price

The set price at which an option's owner has the right to purchase (for a call option) or sell (for a put option) the underlying asset or commodity.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time period.

Delta

In finance, typically refers to the ratio comparing the change in the price of an asset, usually a derivative, to the change in the price of its underlying asset.

Time Value

The concept that money available now is worth more than the same amount in the future due to its potential earning capacity.