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Briefly discuss the meaning of strict liability and outline the strategies that a defendant may take to fight a charge of strict liability.
Prepaid Expenses
Expenses paid in advance for goods or services to be received in the future.
Balance Sheet
A financial statement that presents a company's assets, liabilities, and shareholders' equity at a particular point in time, offering a snapshot of its financial condition.
Future Expenses
Anticipated costs or financial obligations a company expects to incur in the future.
Note Payable
A written promise to pay a specific sum of money at a future date, typically including interest payments.
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