The Harshness of the Contributory Negligence Doctrine Has Been Mitigated

question 98

Multiple Choice

The harshness of the contributory negligence doctrine has been mitigated by:

• A)the last clear chance rule.
• B)comparative negligence.
• C)assumption of risk.
• D)(a) and (b), but not (c).

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Definitions:

Inventory Items

Goods or materials a company holds for the ultimate purpose of resale.

FIFO Cost Flow

A method of inventory valuation where goods purchased first are the ones sold first, hence, the inventory left consists of the most recently purchased or produced goods.

Cost of Goods Sold

Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Inventory Items

are goods or products that a business holds for the purpose of sale or production.