For a Person to Be Found Guilty of a Negligent

question 98

Multiple Choice

For a person to be found guilty of a negligent act, the negligent act must be the _____ cause of the loss in a tort liability claim.

• A) assumed
• B) compensatory
• C) proximate
• D) statutory

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Definitions:

Perfection

Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.

Security

Collateral or asset pledged to guarantee the repayment of a loan or fulfillment of a contractual obligation.

Consideration

An element of a valid contract; the price one is willing to pay for the promise set out in the offer.

Guarantee

A formal assurance or promise, often related to the quality or durability of a product, or the fulfillment of a contract.