MATCHING -The Tort That Protects One's Interest in Exclusive Possession of of Land

question 45

Multiple Choice

MATCHING
-the tort that protects one's interest in exclusive possession of land

• A)interest
• B)trespass to land
• C)adverse possession
• D)private nuisance
• E)public nuisance
• F)social value
• G)injunction
• H)self-help
• I)comparative negligence
• J)standing
• K)independent contractor
• L)trespasser
• M)licensee
• N)invitee
• O)attractive nuisance
• P)latent condition
• Q)passenger
• R)caveat emptor
• S)eversionary interest
• T)lessee

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Definitions:

Allowance Method

A method of accounting for bad debts that involves estimating uncollectible accounts at the end of each period.

Uncollectible Accounts

Accounts receivable that a company does not expect to collect due to the debtor's inability to pay, considered a bad debt expense.

Year-End Adjustment

A financial correction or modification made at the end of a fiscal year to various accounts to properly state them for reporting purposes.

Bad Debts Expense

The portion of receivables that a company anticipates will not be collected and is thus written off as an expense in the financial statements.