All of the Following Are Elements of Negligence EXCEPT

question 54

Multiple Choice

All of the following are elements of negligence EXCEPT

• A)the ability to pay damages.
• B)the failure to perform a legal duty to use reasonable care.
• C)damage or injury to a claimant.
• D)proximate cause between the negligent act and the injury or harm that occurs.

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Definitions:

Inefficient

Refers to a situation where resources are not used in the most effective way, leading to wasted potential or output.

Edgeworth Box

Diagram showing all possible allocations of either two goods between two people or of two inputs between two production processes.

Initial Allocation

The distribution of resources or goods at the start of a process or period.

Shaded Area

A graphical representation used in economics and statistics to illustrate various economic concepts, such as surplus, deficit, and areas under a curve.