MATCHING -Mitigation of Damages

question 14

Multiple Choice

MATCHING
-mitigation of damages

• A)defense
• B)comparative negligence
• C)contributory negligence
• D)last clear chance
• E)assumption of the risk
• F)avoidable consequences
• G)express assumption of the risk
• H)ordinary negligence
• I)public policy
• J)adhesion contract

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Definitions:

Specific Assets

Assets identified and designated for a particular purpose or project, often distinguished from general or unspecified assets.

Bond Indenture

A legal contract between a bond issuer and bondholders, detailing the terms of the bond such as the interest rate, maturity date, and obligations of both parties.

Investment Company

A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities.

Bond Certificate

A legal document that indicates the name of the issuer, the face value of the bonds, the contractual interest rate, and maturity date of the bonds.