Liabilities Generally Arise from Past Transactions

question 94

True/False

Liabilities generally arise from past transactions.

---

Definitions:

Sensorimotor

The developmental stage in early childhood where learning is achieved through physical interactions and experiences with the environment.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction, marked by hormonal changes and physical development.

Primary Sex Characteristics

The main physical features that differentiate males and females, involved directly in reproduction.

Kohlberg

A psychologist best known for his theory of stages of moral development, which suggests that moral reasoning evolves through specific stages.