What Is It Called When Each Transaction, Entity, and Event

question 68

Multiple Choice

What is it called when each transaction, entity, and event is represented only once in the information?

• A) Uniqueness
• B) Accuracy
• C) Consistency
• D) Timeliness

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Definitions:

Bailment

A legal relationship where physical possession of personal property, or a chattel, is transferred from one party to another, with the understanding that the property will be returned or otherwise disposed of according to the owner's instructions.

Bailor

A person or entity that entrusts their property into the hands of another, called the bailee, under an agreement for a specific purpose.

Bailee

An individual or entity that is given temporary possession, but not ownership, of personal property by another person (the bailor) under a bailment agreement.

Accidental Damage

Accidental damage refers to harm that occurs unexpectedly and unintentionally, resulting in loss or injury not caused by deliberate actions.