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Thomas Perry incorporated his company, Perry Consulting Inc., and put $20,000 into the corporation by way of a shareholder's loan and took back a Security
Thomas Perry incorporated his company, Perry Consulting Inc., and put $20,000 into the corporation by way of a shareholder's loan and took back a Security Agreement on the corporation's equipment. The corporation used complex computer simulation models to consult on environmental issues. Thomas prepared a report for a client, but didn't have time to deliver it. He asked his friend, Mary Piper to deliver it for him. Mary read the report on her way to deliver it, and "fixed" what she thought was a typographical error. It was no error, and her modification made the report wrong. As a result, the client lost a lot of money. Assess what potential causes of action the client can succeed in against: (a) Mary Piper; (b) Perry Consulting Inc.; and (c) Thomas Perry. In identifying a potential cause of action, clearly state what the cause of action is, its factors, and what facts suggest the client may succeed, against whom. If there is no potential cause of action against a particular party, explain why. (10 marks
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