Which of the Following Statements Is TRUE

question 62

Multiple Choice

Which of the following statements is TRUE?

• A)Liability in tort law always requires proof of deliberate or careless wrongdoing.
• B)The victim of a tort is called a tortfeasor.
• C)A person may be subject to an obligation to another in tort law even if they did not agree to that situation.
• D)In exceptional circumstances,a person may be imprisoned for committing a tort.
• E)The concept of privity is part of every tort.

---

Definitions:

Retained Earnings

The portion of net income not distributed as dividends to shareholders but reinvested in the company or kept as reserve.

Tax Schedule

A chart or table provided by taxing authorities that shows the tax rate that applies to different levels of taxable income.

Married Couples

Two individuals legally united in marriage, recognized for various legal, social, or tax purposes.

Filing Jointly

Filing jointly refers to a tax filing status that allows married couples to combine their income and deductions on a single tax return, potentially leading to tax benefits.