What Form of Tort Liability Was Developed to Provide Guaranteed

question 58

Multiple Choice

What form of tort liability was developed to provide guaranteed protection for those who are injured by conduct the law deems both serious and inexcusable?

• A) strict liability
• B) negligence
• C) both a. and b.
• D) neither a. nor b.

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Definitions:

Partnership Interest

An ownership share or interest in a partnership, representing a partner's stake in the profits, losses, and assets of the business.

Appraisal

The process of professionally evaluating the market value of a property or asset.

Partnership Capital

The total amount of capital contributed by partners in a partnership, used in the business and subject to changes from profits, losses, and withdrawals.

Capital Balances

Refers to the amount of money that the owners of a company have invested in it.