Rona and Stiv Do Business as Treasure Island Traders

question 36

Multiple Choice

Rona and Stiv do business as Treasure Island Traders. In acting on the firm's behalf in a deal with Unlimited Potential, Inc., Rona makes an honest error in overestimating the profit. To her firm, Rona is

• A) liable for breach of the duty of care.
• B) liable for breach of the duty of economic sense.
• C) liable for breach of the duty of loyalty.
• D) not liable.

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Definitions:

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, often seen in professional contexts.

Cynicism

An attitude of skepticism towards people's motives or the integrity of societal standards; often involves a general distrust of others' apparent motives.

Stressors

External or internal stimuli that cause stress in an individual, leading to physical or emotional responses.

Adaptation

The process of adjusting or becoming accustomed to new conditions or situations.