Which of the Following Statements Is True About Conversion and Trespass

question 46

Multiple Choice

Which of the following statements is true about conversion and trespass to personal property?

• A) Trespass to personal property does not require intent, while conversion does.
• B) The degree of interference with another's property rights acts as a basis for the difference between the two.
• C) Consent act is a defense to conversion but will not be considered as a defense for trespass to personal property.
• D) Courts do not consider extent of harm to property as a difference between conversion and trespass.

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Definitions:

Time Horizon

The length of time over which an investment or a project is expected to be pursued or a goal to be achieved.

Operating Plan

A detailed description of how a company's operational activities will be carried out to meet goals and objectives, including production, staffing, and inventory requirements.

Trade Credit

Credit extended by suppliers in which the buyer agrees to pay for goods and services received now at a later date.

Short-Term Loan

a borrowing arrangement designed to provide funds for a short period, typically less than a year, and is used for immediate financial needs.