A Defense of Mistake of Fact Will Be Disallowed Under

question 25

Multiple Choice

A defense of mistake of fact will be disallowed under:

• A)strict liability.
• B)an alibi defense.
• C)joint severability.
• D)ignorance of law defense.

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Definitions:

Maturity Risk

The risk associated with the time until the bond or other fixed income instrument pays its principal back. It can affect interest rates and investment value.

Default Risk

The likelihood that a borrower will fail to meet the obligations of paying back debt, impacting the safety of the investment.

Federal Government Debt

The total amount of money that the national government has borrowed through various means, including Treasury bonds, bills, and notes.

Default Risk

The risk associated with a borrower failing to make required payments on debt.