In Order to Use the Defense of Assumption of Risk

question 29

Multiple Choice

In order to use the defense of assumption of risk, the defendant has to prove that the plaintiff ________.

• A) assumed there was no risk involved and entered into the activity that injured him or her
• B) was injured after the defendant's liability for the risk ended
• C) was injured in an activity that had no risk of any manner
• D) had knowledge of the specific risk and voluntarily assumed the risk

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Definitions:

Bond Issue

The process by which a government or corporation raises funds by issuing bonds to investors, who lend them money in exchange for periodic interest payments and the return of principal at maturity.

Call Provision

A feature of a bond or other fixed-income security that allows the issuer to repurchase and retire the debt before its maturity date.

Par Value

The face value of a bond or stock as stated by the issuer, which is not necessarily indicative of its market value.

Maturity Date

The specific date on which the principal amount of a financial instrument is to be paid back in full.