In Hodgkinson V

question 24

Multiple Choice

In Hodgkinson v. Simms, an accountant advised a client to invest in a real estate development while also acting for the developers. What did the Supreme Court of Canada find?

• A) The presence of a financial risk was the identifying feature of a fiduciary relationship and, in this case, imposed the fiduciary duty.
• B) The presence of a financial risk was the identifying feature of a fiduciary relationship but, in this case, did not impose a fiduciary duty.
• C) The presence of loyalty, trust, and confidence were identifying features of a fiduciary relationship and, in this case, imposed the fiduciary duty.
• D) A fiduciary relationship could not arise in circumstances where an investor acted of his own accord.
• E) A fiduciary relationship could not arise in commercial circumstances, such as those found in this case.

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Definitions:

mRNA Processing

The series of modifications that mRNA undergoes after transcription, including splicing, capping, and polyadenylation, preparing it for translation.

mRNA Transport

The process by which messenger RNA (mRNA) molecules are transported from the nucleus to the cytoplasm in eukaryotic cells for protein synthesis.

Chromatin

is the complex of DNA and proteins that forms chromosomes within the nucleus of eukaryotic cells.

Protein Modifications

Chemical changes that occur to proteins post-synthesis, altering their function and activity.