In Modern Times, the Basis for Liability in Tort Is

question 16

Multiple Choice

In modern times, the basis for liability in tort is

• A) criminal wrongdoing.
• B) legal carelessness.
• C) fault.
• D) actionable recklessness.
• E) whether the wrongdoer is able to compensate the victim.

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Definitions:

Production Budget

A financial plan showing the number of units to be produced in a period to meet sales and inventory requirements.

Merchandise Purchases Budget

A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period.

Not-For-Profit Entities

Organizations that operate for purposes other than generating profit, often focusing on social, educational, or charitable activities.

Objectives

Specific, measurable goals set by a business or individual to guide activities and measure performance effectively.