1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WITCHER [35]
3 years ago
14

The single recovery principle requires a court to settle a matter once and for all by awarding a lump sum for past and future ex

penses.
a. True
b. False
Business
2 answers:
GrogVix [38]3 years ago
6 0

Answer: True

Explanation: Under the single recovery principle if the plaintiff, that is, the person bringing up the case to the court, proves that he or she is eligible for any recovery for a particular harm then that recovery should be made and settled in once and for all by getting a lump sum amount from the payer.

Under this rule the plaintiff can not claim reward for same injury from two different entities.

Cloud [144]3 years ago
5 0

True

<h2>Further Explanation </h2>

Single recovery rule could be a principle that a plaintiff is entitled to only 1 recovery for specific harm. If the jury has awarded quite one remedy the plaintiff should elect one remedy. It permitted defendants credit for amounts paid in settlement by other defendants to forestall a plaintiff's excess recovery. This rule one in every one of the foundations of a defendant's right to possess a jury verdict reduced by the number of any settlements the plaintiff has received from other entities for the identical injury.

Under the only recovery principle if the plaintiff, that is, the person remarking the case to the court, proves that he or she is eligible for any recovery for selected harm then that recovery should be made and settled in once and for all by getting a payment amount from the payer. Under this rule, the plaintiff can't claim the reward for the same injury from two different entities.

The single recovery principle is additionally referred to as the one-satisfaction rule. it's a rule that states that a plaintiff is just entitled to recover money just once for harm or injury. They can't initiate a second lawsuit over the identical incident.

Learn More

Single Recovery Principle  brainly.com/question/13013434

Lawsuit  brainly.com/question/12368973

Details

Grade: High School

Subject: Business

Keyword: principle, lawsuit, recovery

You might be interested in
A ________ is made up of a company, its suppliers, distributors, and, ultimately, customers who "partner" with each other to imp
nevsk [136]
The answer to this question is the term Value delivery network. A Value delivery network is a system that is made up of the participants like the company, suppliers, distributors that are all involved in the marketing, distributing, production, and even the customer service of the goods and services in a specific or geographic area / market. This team partners together for a common goal, to provide good service.
4 0
4 years ago
Which of the following is true about a "credit"? I. It is part of the double-entry procedure that keeps the accounting equation
kipiarov [429]

Answer:

III. I, II, III, and IV.

  • I. It is part of the double-entry procedure that keeps the accounting equation in balance.
  • II. It represents a decrease to assets.
  • III. It represents an increase to liabilities.
  • IV. It is on the right side of a T-account.

Explanation:

The debit-credit balance is necessary for maintaining the accounting equation in balance, i.e. all the debits must have a corresponding credit.

Asset accounts increase when they are debited and decrease when they are credited.

Liabilities accounts decrease when they are debited and increase when they are credited.

Debits are on the left side of a t-account and credits are on the right side.

3 0
4 years ago
Clam gulch is a very popular clamming beach in alaska. on good low tides, clammers can easily gather 60 clams (the state limit).
Ahat [919]

The way economists would probably explain the wastage of this clam resource is by saying that clams are free goods and are therefore subject to the tragedy of the commons effect. The tragedy of the commons effect is a theory in economics, postulated by the Victorian economist William Forster Lloyd.


The tragedy of the commons effect describes a condition within a shared-resource system where each user act freely according to their own self-interest, but their collective actions ends in the depletion or spoilage of that resource, thus having a negative impact on the common good of all users. In this case, commons is taken to refer to the clam resources.

6 0
3 years ago
Trey, Inc. reports a taxable loss of $140,000 for 2018. Its taxable incomes for the years 2015 through 2017 respectively were $2
laiz [17]

Answer:

$117500

Explanation:

Taxable loss = $140000 for 2018

Taxable incomes : $25000 for 2015, $35000 for 2016, $40000 for 2017

tax rate = 30%

Net loss on 2018 income statement can be offset by the taxes paid on taxable income for 2 years prior to 2018 ( i.e 2016 and 2017 )

first calculate taxes on taxable incomes for 2016 and 2017

$35000 * 30% = $10500

$40000 * 30% = $12000

hence taxable profit = 10500 + 12000 = $22500

Net loss to be reported on 2018 income statement

= $140000 - $22500 = $117500

8 0
3 years ago
what are the two factors that go into which item is thought of as bought first, etc., when choosing between several possible pur
ANTONII [103]

Answer:

Fifo

Explanation:

Because the stock that is bought first should be the one to be purchased first

8 0
3 years ago
Other questions:
  • you worked from 9:00 am to 7:00 pm with a 45 minute unpaid lunch and an unpaid 15 minute break. you will be paid time and 1/2 fo
    10·1 answer
  • Kyla is a first-time entrepreneur. She started a small business a few months ago. She encounters small problems on a daily basis
    11·1 answer
  • "The type of retirement plan that gives the employer flexibility as to the amount contributed annually is a(n):"
    15·1 answer
  • For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms m
    13·2 answers
  • The strength of the u.s. dollar relative to other currencies depends mainly on:
    5·1 answer
  • An appraiser encounters an underground storage tank and there are no signs of failure. An appraisal could be performed under the
    11·1 answer
  • Last month, when 10,000 units of a product were manufactured, the cost per unit was $60. At this level of activity, variable cos
    5·1 answer
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    7·1 answer
  • Sandoval needs to determine its year-end inventory. The warehouse contains 26,000 units, of which 3,600 were damaged by flood an
    7·1 answer
  • How are a startup's financing requirements estimated
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!