The Tort of Conversion

question 27

Multiple Choice

The tort of conversion:

• A)is direct and intentional interference with goods in the possession of another and without their consent.
• B)is wrongfully detaining the property of another.
• C)necessarily involves physically damaging goods owned by another.
• D)is negligently detaining the goods of another.

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Definitions:

Annuities

Financial products that provide a stream of payments over time to the holder, often used for retirement purposes.

Retirement Years

The period of life after one ceases working full time based on achieving a certain age or financial status.

Annual Return

The percentage change in an investment's value over a one-year period, including any dividends or interest, reflecting the compound annual growth rate.

Annual Return

The percentage change in the value of an investment over one year, taking into account both price increases and income received from the investment.