In Relation to the Tort of Negligence It Is Well

question 4

Multiple Choice

In relation to the tort of negligence it is well established that:

• A)a tenant owes a duty of care to their landlord.
• B)a doctor owes a duty of care to their patient.
• C)a client owes a duty of care to their lawyer.
• D)a student owes a duty of care to their teacher.

---

Definitions:

Total Liabilities

The sum of all financial obligations a company owes to external parties, including debts, accounts payable, and other liabilities.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation.

Journal

A Journal in accounting is the initial record where financial transactions are entered before they are posted to accounts in the ledger, serving as the primary point of documentation for business activities.

Transactions

Business events that involve the exchange of goods, services, or funds, which impact a company's financial statements.