Which of the Following Is a Recognized Classification of Torts

question 32

Multiple Choice

Which of the following is a recognized classification of torts?

• A) misdemeanor
• B) felony
• C) strict liability
• D) contributory liability

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Fixed Assets

Long-term tangible assets used in the operation of a business that are not intended to be sold within a year, such as buildings, machinery, and equipment.

Equity Capital

The amount of money that is invested into a business by its owners in exchange for a share of ownership.

Dividend Payments

Distribution of a portion of a company's earnings to its shareholders, usually in cash or additional stock.