Which of the Following Would NOT Be Considered an Intangible

question 86

Multiple Choice

Which of the following would NOT be considered an intangible asset?

• A)Goodwill
• B)Franchise
• C)Land
• D)Copyright

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Definitions:

Monetary Damages

Monetary damages are a sum of money awarded as compensation to a plaintiff for losses or injuries suffered due to the defendant's actions.

Strict Liability

A legal doctrine holding parties responsible for damages or harm caused by their actions, regardless of fault or intent.

Defenses

Legal strategies and arguments put forward in order to defeat or mitigate claims in litigation.

Restatement Third

A set of legal principles in the United States that organizes, clarifies, and suggests improvements for tort, agency, trusts, property, restitution, suretyship, and other areas of the law.