Alex worked for years for MegaCorp During his employment with ...

[cherise1989]

Alex worked for years for MegaCorp During his employment with MegaCorp, he learned a great deal of confidential information and knew that if this information got into the hands of competitors or the general public, MegaCorp could suffer great business losses. Alex claims that he was wrongfully fired by MegaCorp and accordingly he believes he has no obligation to MegaCorp to keep any information he acquired with them as confidential. MegaCorp claims that Alex is under a continuing duty to keep confidential information secret, even though he is no longer with the company. Who is right? Why?

Question 2

Under accounts receivable financing, the factor is protected from contract claims for defective goods by the holder in due course rules.
  Indicate whether the statement is true or false

[Joy Chen]

Answer to Question 1

MegaCorp. is right. Regardless of why Alex no longer works for MegaCorp, he is under a continuing duty not to use or disclose the company's confidential information after he leaves the company. Alex had a fiduciary duty of loyalty to his employer when he worked for it and such duty does not terminate relative to trade secrets or confidential information after he is no longer employed by that company.

Answer to Question 2

FALSE

[cherise1989]

Correct answers!

[Joy Chen]

Great! Please up vote