In RBC Dominion Securities Inc

question 20

Multiple Choice

In RBC Dominion Securities Inc. v. Merrill Lynch, virtually all of the investment advisors at the RBC branch left without notice and went to work for a competitor, Merrill Lynch. What did the Court determine?

• A) Merrill Lynch and its manager were found jointly and severally liable, as the manager had induced the breach of the duty not to compete unfairly.
• B) RBC was found liable for inducement of breach of contract.
• C) Merrill Lynch and its manager were not liable, since no notice of termination was required.
• D) RBC investment advisors were not in violation of their fiduciary duty to RBC, and were not required to provide notice of termination.
• E) Fiduciary duties cannot arise in the context of a mere employment relationship.

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