What Was the Ruling of the Court in the Case

question 32

Multiple Choice

What was the ruling of the court in the Case Opener involving a lawsuit by fans seeking a refund based upon the Tyson and Holyfield fight being stopped in the third round because Tyson bit off a piece of Holyfield's ear?

• A) The fans were not allowed to recover because they were incidental beneficiaries.
• B) The fans were not allowed to recover because they were donee beneficiaries.
• C) The fans were not allowed to recover because they were assigned donees.
• D) The fans were allowed to recover because they were creditor beneficiaries.
• E) The fans were allowed to recover because they were intended third-party beneficiaries.

---

Definitions:

Downsloping

Refers to a descending trend or pattern, often used in contexts such as demand curves in economics, where price and quantity demanded move in opposite directions.

Nominal Interest Rate

The interest rate expressed in terms of annual amounts currently charged for interest and not adjusted for inflation.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.