MATCHING -The Tort Covering Interference with Property That Is Not Serious

question 10

Multiple Choice

MATCHING
-the tort covering interference with property that is not serious enough to require payment of its full value

• A)chattel
• B)conversion
• C)trespass to chattels
• D)dispossession
• E)intermeddling
• F)mistake
• G)bona fide purchaser

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Definitions:

Record Keeping

The practice of maintaining and preserving documents, files, and records related to financial transactions for future reference.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, including payment deadlines and any possible discounts for early payment.

General Journal Entries

Entries made in the general journal to record financial transactions in the accounting system.

Invoice Price

The price listed on an invoice, representing the amount charged by the seller to the buyer for goods or services provided.