The Concept of Immunity from Liability Means That

question 32

Multiple Choice

The concept of immunity from liability means that:

• A) one who harms another can be held liable only for voluntary acts.
• B) certain persons are not subject to tort liability.
• C) one who harms another without intending to do so is not subject to tort liability.
• D) one who harms a child can never be sued by the parents of the injured child.

---

Definitions:

Net Income

The profit of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Income Statement

A document detailing a business's income, expenditures, and earnings during a designated timeframe.

Solvency

The ability of a company or individual to meet its long-term financial obligations and continue operating in the long term.

Price-Earnings Ratio

A valuation metric for companies, calculated by dividing a company's share price by its earnings per share.