Which of the Following Is Correct

question 40

Multiple Choice

Which of the following is correct?

• A)Assets - Liabilities = Equity
• B)Assets - Equity = Liabilities
• C)Assets = Liabilities + Equity
• D)All of the above

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Definitions:

Negligent

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

Strict Liability

Strict liability is a legal doctrine that holds a party responsible for their actions or products, without the plaintiff having to prove negligence or fault.

Just Society

A societal ideal where individuals receive fair treatment and an impartial share of benefits.

Tort Law

The area of law that covers most civil suits, except breach of contract, focusing on personal injuries and damages to property.