A Speculator Is Someone Who

question 134

Multiple Choice

A speculator is someone who

• A) buys a good for immediate consumption
• B) buys a good for a low price,hoping to sell it in the future for a higher price
• C) buys a good for one price and hopes to sell it for a lower price in the future
• D) sells a good for a lower price than its original purchase price
• E) sells all of his or her merchandise and then exits the market

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Definitions:

Comparative Negligence

Comparative Negligence is a legal principle that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to the cause of their injuries.

Contributory Negligence

A legal doctrine where if the plaintiff in a negligence claim is found to be partly at fault for the incident, they may be barred from receiving compensation.

Wrongful Death

A legal term referring to a death caused by the negligence or misconduct of another person or entity.

Creditor

An individual, institution, or organization to whom money is owed by a debtor.