In Which of the Following Situations Is a Statute Most

question 54

Multiple Choice

In which of the following situations is a statute most likely to provide an exception to the privity doctrine?

• A)employment
• B)income tax
• C)life insurance
• D)marriage
• E)divorce

---

Definitions:

Desired Return

The specific profit that an investor aims to achieve from an investment.

Investment

The allocation of resources, such as time, money, or effort, in something with the expectation of receiving a future return or profit.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business center or segment.

Net Operating Income

A company's earnings derived from its regular business operations, excluding income from investments and after expenses have been deducted.