Joshua is a shareholder in Great Lakes Limited, a company that manufactures sporting equipment
At the company's last annual general meeting, Joshua and the other shareholders were informed about some of the company's plans to expand its operations in a new product line. Armed with this information, Joshua started his own company which manufactured and sold the same products that great Lakes had planned to commence manufacturing. Which of the following statements is correct?
A) By starting his own company on the basis of information learnt at the annual general meeting, Joshua has breached a fiduciary duty owed to Great Lakes.
B) Joshua has not breached any duty owed to Great Lakes.
C) Great Lakes can obtain an injunction stopping Joshua from further acting on the information he learnt in the meeting.
D) By starting his own company in order to compete with Great Lakes, Joshua has breached a fiduciary duty owed to Great Lakes.
E) Great Lakes can obtain damages against Joshua for breach of a duty owed to it
B
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A. challenging task characteristic B. repetitive task characteristic C. unclear task characteristic D. mundane task characteristic
The Martin family owned a home that was badly in need of repair. Mrs. Martin worked outside the home and Mr. Martin took care of the household responsibilities and cared for the two young Martin children. One day, Mrs. Martin left for work and a home
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Sometimes, when a buyer breaches a contract for a sale of goods and the seller has not yet produced the goods, the seller can recover the lost profits.
Answer the following statement true (T) or false (F)
In a divorce proceeding, Jonas promises to pay a certain amount of child support to Kelly every month until their daughter Lois is eighteen years old. Jonas's obligation with respect to this promise is
A) moral, not legal. B) legal, not moral. C) legal and moral. D) neither legal nor moral.