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Author Question: Kent incorporated Dynamite Data Ltd., which worked with small businesses in developing graphs and ... (Read 21 times)

bobbysung

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on: Aug 7, 2021
Kent incorporated Dynamite Data Ltd., which worked with small businesses in developing graphs and charts from their data for presentations to bankers, shareholders, etc. Kent loaned the company $25 000 by way of a shareholder's loan and took as security computers, plotters, and printers under a chattel mortgage document. An employee of the corporation, Jack, while delivering some graphs to a customer, Roth, got into an argument with Roth, who complained that the graph was in red and not in pink as requested. It ended with Jack punching Roth, who fell onto a microscopic camera. The damage to Roth's nose and the camera totalled $35 000. Which of the following is true?
◦ The corporation is not liable for the damage caused by the action of its employee, Jack.
◦ Kent is liable for the damage to Roth and the camera if neither Jack nor the employer/corporation has sufficient funds.
◦ If the corporation went bankrupt but owed creditors (other than Roth), Kent would be in a worse position than unsecured creditors to collect proceeds realized from the sale of the corporation's assets.
◦ Roth's action against Jack is for the tort of assault.
◦ Even if Kent, the only shareholder, died, the corporation would not die and would still owe its outstanding debts.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by bobbysung on Aug 7, 2021

ndhahbi

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbysung

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Reply 2 on: Aug 7, 2021
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
:D TYSM

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