Which Type of Law Involves the Rights and Responsibilities Involved

question 28

Multiple Choice

Which type of law involves the rights and responsibilities involved in relationships between persons,and between persons and their government?

• A)Criminal
• B)Procedural
• C)Civil
• D)Natural
• E)Positive

---

Definitions:

Current Liability

A company's debts or obligations that are due within one year, including accounts payable, short-term loans, and other short-term financial obligations.

Deposit Method

An accounting method used when revenue cannot be recognized because the fundamental earnings process is not considered complete.

Cost Recovery Method

An accounting method where revenues are not recognized until all costs have been recovered.

Real Estate Sales

Transactions involving the transfer of ownership rights in property or land from one party to another, typically facilitated by agents or brokers.