A Counterclaim Is

question 85

Multiple Choice

A counterclaim is

• A) when the plaintiff responds to the defendant's answer with a request to settle out of court.
• B) when a defendant asserts in the answer a reason why he or she should not be held liable for the plaintiff's injuries even if the facts, as alleged by the plaintiff, are true.
• C) like a reverse lawsuit in which the defendant asserts a claim against the plaintiff for injuries that the defendant suffered from the same incident.
• D) when a jury finds in favor of the defendant.

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Definitions:

Days

In finance and accounting, often used to refer to metrics that measure the time involved in various business processes, such as inventory turnover or receivable collection periods.

Accounts Receivable Turnover

A financial ratio indicating how quickly a company collects cash from credit sales.

Current Ratio

A financial ratio indicating a firm's capacity to cover its short-term liabilities with its current assets.

Financial Data

Information about financial transactions, including revenues, expenses, assets, and liabilities, used to analyze the financial health of a business.