If a Bond Is Quoted in the Newspaper at 105

question 115

Multiple Choice

If a bond is quoted in the newspaper at 105, what is its price?

• A) $1.05
• B) $10.50
• C) $105.00
• D) $1,000
• E) $1,050

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Definitions:

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence of the defendant's fault.

Defendant

An individual, corporation, or entity being sued or accused in a court of law.

Negligence Action

A lawsuit alleging that a party's failure to act with reasonable care resulted in damage or injury to another.

Charge Of Negligence

An accusation made against an individual or entity for failing to act with the care that a reasonably prudent person would have in the same circumstances.