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As a General Rule, Liability Cannot Be Imposed Under the Tort

question 3

True/False

As a general rule, liability cannot be imposed under the tort of negligence if the defendant carelessly made a statement that caused the plaintiff to suffer a physical injury.

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Definitions:

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owner's Equity.

Liabilities

Financial obligations or debts owed by a business to others, which can include loans, accounts payable, mortgages, and other monies owed.

Total Assets

The sum of all current and non-current assets owned by a company, as reflected in its balance sheet.

Stockholders' Equity

The portion of a corporation’s assets that remains after deducting debts, which indicates an equity interest.

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