A Tort Action Occurs Under

question 39

Multiple Choice

A Tort action occurs under:

• A)Case law.
• B)Procedural law.
• C)Civil law.
• D)Double jeopardy.

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Definitions:

Discharged in Bankruptcy

The legal status of having been released from the obligation to repay most or all debt, under bankruptcy proceedings.

Inducement

An incentive or motivation provided to encourage a certain action or behavior, often used in legal and business contexts.

Output Contract

An agreement between a seller and buyer where the seller agrees to sell all of the production to the buyer, who in turn agrees to accept and pay for the product.

Illusory Contract

A contract that appears to be binding but does not actually commit one or more parties to an actionable obligation.