Distinguish Between Escapable and Inescapable Costs. Give an Example

question 4

Essay

Distinguish between escapable and inescapable costs. Give an example.

---

Definitions:

Action Against

Legal proceedings initiated to seek remedy or justice in a court of law for grievances or claims.

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm or damage.

Partnership Business

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Tort Committed

An act or omission that gives rise to injury or harm to another, resulting in legal liability.