Len Was Behind in His Work at the Office

question 64

Multiple Choice

Len was behind in his work at the office. He decided to go in for a few hours on Sunday to catch up. He asked a secretary to come in for four hours. He turned on his office TV. Just then his secretary came in and asked him to sign four letters that she said concerned general office matters. He carelessly signed them without taking his eyes off the TV screen. One of the "letters" was, in fact, a cheque for $500 payable to the secretary. The secretary cashed the cheque at her bank, and when her bank presented the cheque for payment, Len instructed his bank not to honour it. He said that he had been tricked and that his signing it was all a big mistake. On these facts, which of the following is true?

• A) He could avoid his obligation on the cheque on the basis of duress.
• B) He could avoid his obligation on the cheque on the basis of unconscionability.
• C) Because Len did not know what he was signing, he cannot be held liable.
• D) Len's carelessness in failing to read what he was signing will likely defeat any claim of non est factum.
• E) Undue influence would be his best defence on these facts.

Identify the legal frameworks surrounding non-competition clauses and protect proprietary interests.

Recognize the conditions and repercussions of employee dismissal, including just cause and notice requirements.

Comprehend the concept of fiduciary duties and restrictions on post-employment activities for certain employees.

Understand the principles of vicarious liability and the circumstances under which an employer is liable for the actions of employees and contractors.

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Definitions:

Suffer Losses

occurs when a business or individual incurs expenses that exceed their revenues.

Long-run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment.

Long-run Equilibrium

A state in which all aspects of a market, including supply and demand, production costs, and economic resources, are balanced, allowing for consistent economic conditions over time.

Perfectly Competitive

A market structure characterized by many sellers and buyers, homogeneous products, free entry and exit, and perfect information, leading to an optimal distribution of resources.