Alice Is Injured When She Is Struck by Debris Floating

question 26

Multiple Choice

Alice is injured when she is struck by debris floating on her property,which was flooded by a breach of Big R Ranch's reservoir.The rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established by

• A)private parties engaged in negotiation.
• B)the U.S.Congress.
• C) a British court.
• D)a U.S.court.

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Definitions:

Firm Commitment Underwriting

A type of underwriting where the underwriter agrees to buy all the unsold shares of an issue at a fixed price, taking on the risk of selling them to the public.

Underwriting Syndicate

A group of financial institutions that work together to issue new securities to the public, sharing the risk and the work.

Common Stock

A type of equity ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Restrictive Covenants

Clauses in a contract that limit or restrict actions the borrower may take during the term of the loan to protect the lender's interests.