A 'Tort', Derived from the Latin Word Tortus, Meaning Wrong

question 8

Multiple Choice

A 'tort', derived from the Latin word tortus, meaning wrong or crooked, is:

• A)an act that causes harm to another person and gives that person the right to commence litigation to recover compensation or some other civil remedy.
• B)a legally enforceable agreement.
• C)an act that constitutes breach of a statutory provision, giving rise to statutory liability.
• D)a harmful act or omission that leads to prosecution by the State and punishment of the offender.

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Definitions:

Progressive

Often refers to a system or policy where the rate increases as the taxable amount increases, commonly applied to taxes and social policies.

Supplemental Health Insurance

Additional insurance that covers costs not covered by a primary health insurance plan, such as copayments, deductibles, and non-covered services.

Adverse Selection

A situation where sellers have information that buyers do not, or vice versa, about some aspect of product quality.

Federal Tax Bracket

Categories at different income levels in the U.S., where varying tax rates are applied.