All of the Following Are Elements of Negligence EXCEPT

question 36

Multiple Choice

All of the following are elements of negligence EXCEPT

• A)the ability to pay damages.
• B)the failure to perform a legal duty to use reasonable care.
• C)damages or injuries to a claimant.
• D)proximate cause between the negligent act and the injury or harm that occurs.

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Definitions:

Credit Sales

Credit sales are transactions where the purchase of goods or services is made on credit, with payment to be made at a later date.

Lenient Credit Terms

Lenient credit terms are more favorable conditions provided by a lender, allowing for longer repayment periods or lower interest rates to facilitate easier repayment for the borrower.

Uncollectible Accounts

Accounts receivable that are considered unlikely to be collected and thus written off as a bad debt expense.

Idle Cash

Idle cash refers to funds that are not currently invested, earning interest, or being used in operations, often representing missed opportunities.