The Harshness of the Contributory Negligence Doctrine Has Been Mitigated

question 62

Multiple Choice

The harshness of the contributory negligence doctrine has been mitigated by:

• A) the last clear chance rule.
• B) comparative negligence.
• C) assumption of risk.
• D) both comparative negligence and the last clear change rule.

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Definitions:

Small Corporations

Businesses typically characterized by a limited number of shareholders, assets, and revenues, and may qualify for certain tax benefits and simpler regulations.

Gross Receipts

The total amount received from all sources before any deductions or allowances, used as a measure of business size or taxation.

AMT Rate

The percentage at which the Alternative Minimum Tax is levied on income, designed to ensure that individuals pay a minimum amount of tax.

Subchapter S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, offering the benefits of incorporated status while being taxed as a partnership.