In Parish V

question 1

True/False

In Parish v. ICON, where a man was seriously injured when using a trampoline, the courts held that the trampoline had sufficient warnings of dangers so as to eliminate liability.

---

Definitions:

Influencing Investee

An investment situation where the investor has significant influence over, but not control of, the financial and operating policies of another entity.

Available-for-sale Securities

Financial assets not classified as held-to-maturity or trading securities, which can be sold in response to liquidity needs or changes in interest rates.

Common Stock

A type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Accounting Record

Documented evidence of financial transactions, used to track, report, and audit financial movements.