Applied to Pollution Cases, Public Nuisance Is

question 443

Multiple Choice

Applied to pollution cases, public nuisance is:

• A) an unreasonable interference with the community's right to a reasonably clean and safe environment
• B) a term applied to a polluter who causes damage to the air
• C) a concept no longer used because of the Clean Air Act
• D) an unreasonable interference with a right held an individual
• E) repealed by the Resource Conservation and Recovery Act

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Definitions:

Effective Interest Method

An accounting technique used to allocate the interest expense of a bond evenly over its life, based on the bond's carrying value.

Premium Bond

A bond sold for more than its face value, where the bond's coupon rate is higher than the prevailing market rate of interest.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement.

Compounded Annually

Interest on an investment or loan that is calculated once a year, adding to the principal sum for the next year.