In the Case of a Railroad Worker Accident Brought to Court

question 53

Multiple Choice

In the case of a railroad worker accident brought to court in the 1900s, one of the defenses the railroad company used against the plaintiff was the "fellow-servant" doctrine. What does this refer to?

• A)The claims for such incidents are usually settled out-of-court, as between fellows.
• B)The company is not a separate entity above the employee, but a colleague and a caretaker.
• C)The injured employee had assumed responsibility of the risks involved.
• D)The accident is attributed to the negligence of the co-worker.

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Definitions:

Income Statement

An income statement is a financial statement that shows a company's revenues and expenses over a specific period of time, illustrating how the revenues are transformed into net income or loss.

Yield Rate

The yield rate, often referred to as the yield, is the income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.

Stated Interest Rate

The interest rate explicitly stated on a loan or investment agreement, not accounting for compounding.

Face Value

The nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate, representing its worth at issuance.