As Defenses,justifications Claim a Kind of Moral High Ground

question 18

Essay

As defenses,justifications claim a kind of moral high ground.Justifications may be offered by people who find themselves forced to choose between "two evils." Generally speaking,conduct that a person believes is necessary to avoid harm to him or to another is justifiable if the harm he is trying to avoid is greater than the harm the law defining the offense seeks to avoid.Define and comment on three of the six categories that are applicable to this defense.Analyze their good and bad points.

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Definitions:

Preferred Dividends

The dividends that are allocated and paid to preferred shareholders before any dividends can be distributed to common shareholders.

Retained Earnings

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

Plant & Equipment, Net

The net book value of physical assets used in operations, after accounting for depreciation and disposals.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.