Which One of the Following Is a Real Asset

question 70

Multiple Choice

Which one of the following is a real asset?

• A) A patent
• B) A personal IOU
• C) A checking account balance
• D) A share of stock

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Definitions:

Slanderous Act

The action of making false and damaging statements about someone, typically orally, that harm their reputation.

Inferior Quality

Refers to products or materials that do not meet the expected or standard level of performance, durability, or appearance.

Intentional Tort

A wrongful act done deliberately with the intention of causing harm or damage, leading to civil legal liability.

Conversion

The act of changing something from one form or use to another, in legal terms, often referring to unauthorized possession or use of property.