Billy and Susie Are Annoyed That Mike Did Not Come

question 52

Multiple Choice

Billy and Susie are annoyed that Mike did not come to their assistance.Which is true regarding Mike's duty to provide assistance during the dive?

• A) Mike had no duty to provide any assistance to them.
• B) Mike had a duty to come to their aid because he arranged the dive and was charging them.
• C) Mike had a duty to come to their assistance only if he had specifically agreed to do so prior to the dive.
• D) Mike had a duty to come to their assistance only if they were minors.
• E) Mike had a duty to come to their assistance only if no one else did so.

---

Definitions:

Junk Bonds

High-risk, high-yield bonds issued by companies considered to be at greater risk of default.

Government Bonds

Debt securities issued by a government to finance its borrowing requirements, offering a fixed or variable interest rate payable to holders.

Dividends

Payments made by a corporation to its shareholder members from its profits or reserves.

Debentures

A type of debt instrument that is not secured by physical assets or collateral but backed solely by the general creditworthiness and reputation of the issuer.