In an Action for Negligence, If Contributory Negligence Is Established

question 7

Multiple Choice

In an action for negligence, if contributory negligence is established:

• A)liability will be apportioned between the plaintiff and the defendant.
• B)the trial is adjourned.
• C)the defendant does not have to pay compensation.
• D)the plaintiff must pay compensation to the defendant.

---

Definitions:

Net Income

The income a company retains following the subtraction of all costs and taxes from its total revenue.

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, ending with net income or loss.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to verify the balance of debits and credits.

Net Income

The total profit of a company after all revenues and gains are added to the account and all expenses and losses are subtracted.