Bob,who Has a Large Trust Fund,is Angry with Alice Because

question 102

Multiple Choice

Bob,who has a large trust fund,is angry with Alice because she stopped dating him.Alice ran a successful dog grooming shop,and Bob decided to open a dog grooming shop next door solely to run her out of business because he was angry over the break-up.Which of the following is a correct statement regarding Bob's liability,if any,to Alice?

• A)Bob has committed the tort of unfair competition.
• B)Bob has committed the tort of intentional interference with contract.
• C)Bob has committed the tort of unfair competition and the tort of intentional interference with contract.
• D)Bob has committed the tort of disparagement.
• E)Bob has not committed any torts.

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Definitions:

Pre-exploration Costs

Expenses incurred before the actual exploration activity begins, such as for initial research or permitting.

IASB Extractive Activities

Refers to the guidance provided by the International Accounting Standards Board on the accounting for and reporting of extraction activities.

Measurement of Reserves

The process of estimating the quantities of economically recoverable resources available in a company’s reserves, important for industries like oil and gas.

Intangibles

Non-physical assets owned by a business, such as patents, trademarks, and goodwill, that have value but cannot be touched or seen.