The Provincial Government Thought That the Only Way to Make

question 32

Multiple Choice

The provincial government thought that the only way to make businesses competitive with those from other countries was to make more information available to them about market conditions,currencies,etc.,around the world.It began a program of incentives that included a government office that would give people not only the business information but also advice on how the businesses could link up to the government's database that held the updated information.Mr.Su relied on some information given to him by Alex Chec,an employee of the government.The information was wrong due to a mistake made by an operator entering data.It was Mr.Chec's job to cross-check that information before it was released to the public.He forgot to do it.Mr.Su suffered a $10 000 loss because of the error.Which of the following is true?

• A) If Mr. Su sues the government on the principle of vicarious liability, he cannot also sue the employee, or employees, at fault.
• B) Mr. Su could not take any action because he suffered no physical injury. The case only deals with information.
• C) The court must find only one party liable and that party must pay for all of the damages.
• D) Mr. Su could not take any action because he had not entered into a contract with the government for this information.
• E) The operator may be found liable for negligence if Su, the plaintiff, can prove, among other things, that she owed him a duty of care.

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Definitions:

Coupon Rate

The coupon rate is the annual interest rate paid by a bond relative to its face value, expressed as a percentage.

Principal Amount

The initial size of a loan or bond or the amount of money invested, excluding any interest or dividends.

Coupon Rate

The interest rate stated on a bond or fixed-income security, representing the annual payout as a percentage of the bond's face value.

Interest Payments

The payments made by borrowers to lenders as a fee for using the borrowed money, typically expressed as an annual rate.