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Reference - Blow-Up. Jeanie is hauling several containers of gasoline in her vehicle in preparation for riding her personal watercraft. On the way home, Jeanie stops at the automatic teller machine at her bank and exits her car. Holly pulls behind her and negligently rear-ends Jeanie's car. The car explodes and results in the bank building burning to the ground. The bank sues Holly for negligence claiming that Holly should have to pay for the entire bank building. The bank claimed that it should be able to recover under the res ipsa loquitur doctrine. Which of the following is true regarding the bank's claim that it should be able to recover under the res ipsa loquitur doctrine?
Hyperinflation
An extremely rapid and out of control inflation rate where prices increase exponentially over a short period, severely eroding the real value of money.
Creeping Inflation
A situation in which the inflation rate is low and increases slowly over a period of time.
World War I
A global conflict that lasted from 1914 to 1918, involving many of the world's great powers, marked by military stalemates and massive casualties.
Economic Concern
Issues or situations that affect the well-being of an economy, such as inflation, unemployment, and economic growth.
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