A Work Associate Leaves His Bike Each Day in Your

question 8

Multiple Choice

A work associate leaves his bike each day in your garage while both of you commute to work in your car.(This associate pays $5 per day for riding in your car.) One day the bike is stolen out of your locked garage.Are you responsible for the loss of this bike?

• A)No,you are not,because you met the standard of care required.
• B)No,you are not,because your work associate automatically assumed this risk.
• C)No,you are not,since it was gratuitous bailment with a low standard of care.
• D)Yes,you are,because your home owner's insurance will pay for it.
• E)Yes,you are,since it was stolen from your property.

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Definitions:

Investment Projects

Initiatives undertaken by individuals, companies, or governments to allocate resources in the expectation of future financial returns.

Usury Laws

Regulations that set maximum interest rates which can be charged on loans, to protect borrowers from excessively high rates.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid to lenders over a period.

Real Rate of Return

The rate of profit or loss on an investment after adjusting for inflation, providing a more accurate measure of purchasing power.