Lara enters Marathon, an athletic competition. Regarding the risk of injury, Lara assumes
a. all of the risks normally associated with the event.
b. all of the risks different than those normally associated with the event.
c. only the risks greater than those normally associated with the event.
d. only the risks lesser than those normally associated with the event.
Answer: A
Business Law
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- Ollie applied to ProRata Insurance Company for a fire insurance policy for his warehouse. To obtain a lower premium, he misrepresents the age of the property. The policy is granted. After the ware is destroyed by fire, ProRata learns the true facts. ProRata can
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- Gifford, a salesperson at Hubris Electronics store, tells Irma, a customer, "Buy your home theatre system here, and I'll set it up for less than what Hubris would charge." Irma buys the system, Gifford sets it up, and Irma pays Gifford, who keeps the money. Gifford has breached the duty of
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- Stetson asks Toni, a real estate broker, to sell his land. Toni learns that Rancho Grande LLC is willing to pay a high price for the land. Instead, however, Stetson sells the land to United Cattle Corporation. Toni sues Stetson. Toni will
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- Shirley borrows $100,000 from Ridgetop Credit Union to buy a home, which secures the loan. Three years into the term, she stops making payments on it. Ridgetop repossesses and auctions off the property to Toby. The sale proceeds are not enough to cover the unpaid amount of the loan. In most states, Ridgetop can ask a court for
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- Dylan borrows $150,000 from Countywide Credit Union to buy a home. By recording the mortgage, Countywide protects its