During a Heated Legislative Debate,Representative Peony Makes a Statement of Fact

question 28

Multiple Choice

During a heated legislative debate,Representative Peony makes a statement of fact damaging Senator Rose's good reputation.Peony knows the statement is not true.In this situation,Peony is most likely

• A)liable for defamation.
• B)not liable for defamation because only Rose's reputation was hurt.
• C)not liable for defamation because Peony enjoys a privilege.
• D)not liable for defamation because nobody listens to such debates.

---

Definitions:

Functional Currency

The form of money used in the main economic region where a business is active and conducts its dealings.

Net Exchange Differences

The net result of gains or losses on foreign currency transactions and translation of foreign operations, reflecting the impact of exchange rates fluctuations on financial statements.

Financial Instruments

Contracts that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Revaluation Gain

An increase in the value of an asset over its previously recorded book value, recognized after a revaluation process.