Which of the Following Statements Is TRUE

question 44

Multiple Choice

Which of the following statements is TRUE?

• A) The word "tort" is derived from the Greek word for "obligation" or "duty."
• B) Punitive damages cannot be awarded at the same time as compensatory damages.
• C) Studies prove that tort law has a very effective deterrent function.
• D) Nominal damages are generally restricted to torts that are actionable per se.
• E) Security guards and police officers have the same authority to detain people suspected of committing crimes.

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Definitions:

Risk Of Loss

The possibility that an asset or investment will decrease in value or become completely worthless.

Destination Contract

A contract specifying that the seller will bear the risk and cost until the goods reach a specific destination.

Nonconforming Goods

Products shipped to a buyer that do not meet the specifications or requirements as stated in the contract.

Breach Of Contract

Occurs when one party fails to fulfill any of its agreed-upon terms or conditions in a contract.