Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Tracer Corp

Question 40
Multiple Choice
arrowQuestion 40arrow
Multiple Choice

Tracer Corp., an exploration company, wishes to develop a silver mine on a piece of land known as the Harris tract. It lacked the capital to do so on its own, so it entered into negotiations with Big Tree Mining Ltd. for a joint venture on the project. The negotiations collapsed. Big Tree, believing Tracer's information that there was a rich silver vein on the Harris tract and knowing that Tracer did not yet own it, bought the land itself and subsequently developed the mine, making a huge profit. Which of the following is true?

A)Tracer has no remedy unless it establishes that Big Tree owed it a fiduciary duty.
B)Tracer has no remedy unless it establishes that Big Tree acquired the Harris tract pursuant to a constructive trust.
C)Big Tree is liable to Tracer for breach of confidence
D)Tracer has no remedy unless it establishes that Big Tree committed a breach of contract.
E)Any one of A, B, or D

Choose question tag
close menu

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Business Law Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Find Solutions
Search By Image
Search By Image

Scan any paper and upload it to find exam solutions and many more


Studying is made a lot easier and more fun with our online flashcards

Find Flashcards