Read the Following and Indicate the True Statement

question 101

Multiple Choice

Read the following and indicate the true statement.

• A) If a person were given a blood transfusion after making it clear that she didn't want one, the cause of action would be negligence.
• B) If a person suffers a loss because a salesman knowingly made a False statement that he knew the other would rely on to his detriment, the cause of action could be defamation.
• C) If falling over boxes wrongfully left in his garage by a delivery company injured a person, the cause of action could be breach of contract.
• D) If a person suffers damage because of wiring improperly installed by John for his employer, World Wires Ltd., only John could be sued for negligence.
• E) If the odour from a neighbour's smokehouse made it impossible for you to use your pool, the proper action would be nuisance.

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Definitions:

Option

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price within a specific timeframe.

Exercised

In financial terms, refers to the act of utilizing the rights provided by a derivative contract, such as executing a buy or sell order under the terms of an option contract.

American Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a specified amount of an underlying asset at a specified price within a certain time period.

Fixed Price

A pricing strategy where the cost of goods or services is set and does not fluctuate with changes in the market or inventory costs.