Negligence Is Committed Because a Party Knew with Substantial Certainty

question 20

True/False

Negligence is committed because a party knew with substantial certainty that harm would result.

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Definitions:

Estimated Loss

An anticipated loss that a company might suffer due to various risks and uncertainties, and which is accounted for in advance.

Appropriation

The allocation or setting aside of funds by a company for a specific purpose or the restriction of retained earnings distributed to shareholders.

Inventory Finance

A line of credit or loan specifically intended to help businesses purchase inventory, often secured by the inventory itself.

Long-Term Note

A debt obligation with a repayment period typically exceeding one year, often used for significant purchases or investment.