What Type of Legal Action,if Any,can Max Bring Against Gil

question 38

Multiple Choice

What type of legal action,if any,can Max bring against Gil?

• A)Max has no legal recourse against Gil as Max is not an owner of the property.
• B)Max can bring an action for waste,but only if he can prove Gil's failure to maintain the property was intentional.
• C)Max can bring an action for negligence.
• D)Max can bring an action for misuse of property.
• E)Max can bring an action for waste.

---

Definitions:

Profitable One

An entity or venture that generates income exceeding its costs and expenses, thereby yielding a surplus or profit.

MC > MR

A condition where the marginal cost of producing an additional unit is greater than the marginal revenue gained from selling it, indicating it’s not profitable to increase production.

Profit Maximized

The point at which a firm achieves the highest possible profit, typically by adjusting output levels or prices.

Total Revenue

The total amount of money that is brought in by sales of goods or services.