What Is the Term for When a Plaintiff Implicitly Assumes

question 23

Multiple Choice

What is the term for when a plaintiff implicitly assumes a known risk?

• A) Implied assumption of the risk.
• B) Express assumption of the risk.
• C) Express assumption of the last-clear-chance doctrine.
• D) Implied assumption of the last-clear-chance doctrine.
• E) Assumption by incident.

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Definitions:

Bonds

Debt securities issued by entities such as corporations or governments to raise capital, promising to pay back the principal along with interest on specified dates.

European-Style Option

A contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on the expiration date only.

Expiration Date

The date on which an option, right, or derivative instrument becomes void and the rights under it no longer apply.

Glaxo Stock

Equity shares issued by GlaxoSmithKline, a global healthcare company, representing ownership in the company.