Which of the Following Is an Example of a Breach

question 30

Multiple Choice

Which of the following is an example of a breach of a fiduciary duty?

• A)A partner in a firm learned of a business forced to sell some heavy equipment.Although the partnership could have used the equipment,he bought and sold it at a substantial profit before the partnership was given a chance to buy it.
• B)A shareholder of ABC Ltd.,a trucking corporation whose shares are listed on the Vancouver Stock Exchange,is working as an employee for ABC Ltd.'s competitor,Jonstone Trucking.
• C)A shareholder of a corporation voted in favour of an acquisition by the corporation at the annual general meeting because he secretly had an interest in the corporation being purchased.
• D)The directors of the corporation,contrary to a request made by the shareholders,refused to declare dividends.
• E)A promoter of a corporation sold property to the corporation for four times what he had paid for it after he made full disclosure of his interest to an independent board of directors,which voted for the purchase.

Understand the concept and use of bits in data representation.

Grasp the importance of processor speeds measured in hertz.

Identify the limitations of data representation in binary form.

Understand the doctrine of respondeat superior and its application to torts committed in the course of employment.

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Definitions:

Employment Relationship

The legal and practical relationship between employer and employee, characterized by the exchange of labor for compensation, and governed by contract and labor laws.

Ethical Lapses

Instances of poor judgment or failure to act appropriately, leading to actions or decisions that violate ethical standards.

Adverse Selection

A situation in economics where the seller possesses more information about the product or service than the buyer, leading to imbalanced and unfavorable transactions.

Affected Individuals

Persons who directly experience the impact or consequences of a specific event or condition, particularly in contexts of disaster, policy, or health.