Marsha Was Permanently Disabled by a Drunk Driver in an Automobile

question 55

Multiple Choice

Marsha was permanently disabled by a drunk driver in an automobile accident.Her lawyer missed the limitation date for filing her claim,causing further economic and psychological suffering to Marsha.What is the role of the thin skull rule in these circumstances?

• A) Damages cannot be reduced because of a pre-existing vulnerability.
• B) It holds inherent weakness to be negative to a full damage award.
• C) The lawyer can escape full liability due to a pre-existing injury.
• D) It holds defendants are not required to foresee the full extent of loss.

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Definitions:

Asset Recognition

The criteria and process for recording assets on the balance sheet when it is probable that future economic benefits will flow to the entity.

Cost Measurement

The process of determining the cost of a specific item, project, or activity, which can include both direct and indirect costs.

AASB 116

An Australian Accounting Standard Board regulation that outlines the accounting treatment for property, plant, and equipment, including recognition, measurement, and depreciation.

Depreciation Charge

The expense recorded to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear.