Arbitrage Refers to the Act of

question 204

Multiple Choice

Arbitrage refers to the act of

• A)resolving a dispute in front of an arbitrator instead of a court of law.
• B)buying a product in one market at a low price and reselling in another market at a higher price.
• C)trading in the foreign exchange market.
• D)suing a producer for illegal business practices.

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Definitions:

False Imprisonment

Holding people against their will and without lawful authority.

Negligence

A legal concept involving the failure to act with the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Tort Action

A lawsuit brought to recover damages for a private wrong or injury that was not contracted for, such as negligence, defamation, or trespass.

Self-Defence

The right to respond to an assault with as much force as is reasonable in the circumstances.