Nobell Inc

question 66

Multiple Choice

Nobell Inc.provides the following data: Calculate accounts receivable turnover ratio for the year 2015.

• A)5 times
• B)4 times
• C)3 times
• D)2 times

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Definitions:

Strict Liability

denotes a legal principle where a party can be held responsible for damages or loss without the plaintiff having to prove negligence or fault.

Punitive Damages

Financial compensation awarded to a plaintiff to punish the defendant for particularly harmful behavior and deter future similar actions.

Inherently Dangerous

Refers to activities or substances that, by their nature, pose a significant risk of harm.

Superseding Cause

A superseding cause is an unforeseeable event that interrupts the chain of causation, relieving a defendant from liability for harm caused after the event.