Examlex
Bagel Inc.reported net income of $105,000 for the year ended December 31,2014.The following items were included on Bagel's balance sheets at December 31,2014 and 2013:
Tort Of Negligence
Refers to a civil wrong that arises from an act or failure to act, resulting in injury or harm, stemming from a breach of duty of care owed to others.
Tort Of Trespass
A legal wrong that involves the direct, intentional or negligent unauthorized entry onto another person's property.
Neighbour's Property
Issues and laws concerning the rights and responsibilities between adjoining landowners, including boundary disputes and nuisances.
Pool
A common fund or resource created by the contribution of several individuals or entities, often for shared use or investment purposes.
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