Which of the Following Statements Is Most Correct

question 60

Multiple Choice

Which of the following statements is most correct?

• A) The first payment under a 3-year, annual payment, amortised loan for R1,000 will include a smaller percentage (or fraction) of interest if the interest rate is 5 percent than if it is 10 percent.
• B) If you are lending money, then, based on effective interest rates, you should prefer to lend at a 10 percent simple, or quoted, rate but with semi-annual payments, rather than at a 10.1 percent simple rate with annual payments.However, as a borrower you should prefer the annual payment loan.
• C) The value of a perpetuity (say for R100 per year) will approach infinity as the interest rate used to evaluate the perpetuity approaches zero.
• D) Statements a, b, and c are all true.
• E) Only statements b and c are true.

Analyze the role of strict liability in tort law.

Understand the implications of rescue attempts and the duty of care in such scenarios.

Grasp the concepts of insurable interest, subrogation, and the application of insurance law principles.

Identify the standards and determinants for success in negligence actions.

---

Definitions:

Criminal Fraud

Illegally deceiving another for personal or financial gain, considered a criminal offense.

Insider Trading

Engaging in covert transactions on the stock market for personal benefit by exploiting privileged information.

Telecommunications

Telecommunications refers to the transmission of information over distances through electronic means, including telephone, radio, television, and internet communications.

Stock Trade

A Stock Trade involves the buying or selling of shares in a company through a stock market, reflecting the transfer of ownership in hopes of gaining a profit.