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Samuel slips on an icy spot in front of an apartment and is hospitalized for three weeks. The owner of the apartment pays Samuel's $14,000 medical expenses and gives him $4,000 for his pain and suffering. Samuel receives his regular $1,800 salary from his employer while he couldn't work and also receives $7,000 in disability pay from a plan that he had purchased. Samuel's gross income from these payments is:
Limited Liability Partnership
A partnership arrangement that limits the liability of its partners for the debts of the partnership, such that no partner is responsible for the misconduct or negligence of another.
Negligently Provides
The act of failing to provide a standard level of care or service, often resulting in harm or loss.
Personal Assets
Assets owned by an individual, including but not limited to real estate, bank accounts, investments, and personal property.
Res Judicata
A legal principle that prevents the same issue from being litigated again between the same parties once it has been judged on its merits.
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