While Sailboarding, Jolie Is Injured When Kirby Carelessly Crosses Her

question 1

Multiple Choice

While sailboarding, Jolie is injured when Kirby carelessly crosses her path. Kirby's insurance company offers Jolie $50,000 to release Kirby from liability, and she accepts. Later, she learns that her injuries are more serious than she realized. The release is

• A)enforceable.
• B)unenforceable because Jolie's injuries are unforeseeably difficult.
• C)unenforceable because Kirby has a preexisting duty to pay.
• D)unenforceable because the release is an illusory promise.

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Definitions:

Financial Services

Economic services provided by the finance industry, including banks, insurance companies, investment funds, and more.

Traditional Banking

Banking services provided by physical bank branches, including deposit taking, lending, and other financial services.

Definitive Stakeholder

A key individual or group with a significant interest in or influence over the outcome of a project or business endeavor.

Dominant Stakeholders

Key individuals or groups who have a significant influence or control over an organization's strategies and outcomes.