Which of the Following Duties Is Owed by the Parties

question 8

Multiple Choice

Which of the following duties is owed by the parties in a mutual benefit bailment?

• A) duty of great care
• B) duty of slight care
• C) duty of ordinary care
• D) duty of utmost care

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Definitions:

Bearish

A term used in trading to describe the expectation that a market, stock or price will decline.

The Spread

The difference between two prices or rates, such as the bid and ask prices in trading or the yield on different securities.

IPO

Initial Public Offering, the process by which a private company goes public by selling its stocks to the general public for the first time.