Yvonne Used Benoit's Bicycle

question 25

Multiple Choice

Yvonne used Benoit's bicycle.Which of the following factors would best support Benoit's action in detinue?

• A)Yvonne honestly believed that the bike belonged to her.
• B)Yvonne used the bike only once and only because there was an emergency.
• C)Yvonne did not cause any damage to the bike.
• D)Yvonne has refused to return the bike to Benoit even though he has sued her for its return.
• E)Benoit had intended to sell the bike to his brother.

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Definitions:

Externality

An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer.

Market Exchange

The process through which goods, services, or assets are traded between buyers and sellers at a determined price.

Negative Externalities

Unintended and unfavourable outcomes of an activity or transaction that affect third-party stakeholders who did not choose to be involved in that activity.

Positive Externalities

Benefits experienced by a third party not directly involved in the production or consumption of a good or service.