Examlex
"Joe was working for Sam, using his own car to deliver manufactured parts for Sam's business to a client. In the process, Joe was involved in an automobile accident, causing injury to George, a stranger. In these circumstances, George's only recourse is against the employer." Discuss the accuracy of that statement.
Term Deposit
A fixed-term investment held at a financial institution where money can be invested for a certain period of time, earning a predetermined interest rate.
Simple Interest
Interest measured solely on the primary amount, not factoring in compounding.
Per Annum
Annually; indicating an amount or a statistical value per year.
Equivalent
Identical in worth, quantity, role, significance, and so forth.
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