A Careless Act by a Person That Causes Harm to Another

question 26

Multiple Choice

A careless act by a person that causes harm to another person to whom a duty of care is owed is most likely to be the tort of:

• A)Trespass to person.
• B)Battery.
• C)Assault.
• D)Negligence.

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Definitions:

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, ensuring the debits equal the credits.

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Compound Interest

This approach to interest calculation includes both the initial principal amount and the compounded interest from earlier stages of a deposit or borrowing.

Bonds Payable

Long-term liabilities representing money a company must pay back to bondholders, typically including principal and interest.