Marco, a crypto currency trader worked at Slate Financial for 5 years. Slate Financial has been in business for 25 years and registered their logo, when the company started. Their logo is SF$. He did not get his annual bonus and decided to leave with 3 other junior and start his own trading company. He decided to call it MG Financial. He created a crypto currency called Scarborough Financial, to honour where he grew up. The symbol is SF (Total of 6 marks)

1)Slate Financial sends Marco a cease-and-desist letter claiming Marco’s new crypto currency SF infringed their trademark. What would Slate Financial have to prove to support a successful claim?

2)Name and explain two different remedies Slate Financial can seek in court if they are successful in a court case

3)You work for EZ Financial who give loans to people with bad credit so that they can purchase a car or finance a home renovation. Lily wanted to purchase a 2018 Hyundai Roo, that had 37,000 km on it. The loan was for $22,000 and Lily was to pay $218.93 bi-weekly for 5 years (60 months) at 5.5% interest

4) After about 6 months Lily lost her job and was unable to pay the loan. EZ Financial wished to repossess the vehicle. What must EZ Financial prove to be able to get the car back? (5 marks)

5)Since Lily has not been employed, she has not paid her rent in 3 months and owes her landlord $3,000. Lily’s landlord wishes to take seize Lily’s car that is sitting in the driveway and sell it to cover the outstanding rent? Can the landlord seize the car?

Answer rating: 100% (QA)

1 Slate Financial would have to prove that their logo is recognizable and that it has acquired disti... View the full answer