FISCAL LAW FINAL ACTUAL
EXAMINATION 2026 100 QUESTIONS WITH
DETAILED ANSWERS GRADED A+
⫸ Tort Answer: A civil wrong
⫸ Plaintiff Answer: a person who brings a case against another in a
court of law.
⫸ Defendant Answer: an individual, company, or institution sued or
accused in a court of law.
⫸ Damages Answer: money ordered by a court to be paid for injuries or
losses suffered
⫸ Settlement Answer: An agreement between two parties in a lawsuit.
⫸ Statute Answer: a written law passed by a legislative body
⫸ Negligence Answer: An unintentional tort. When a failure to use
reasonable care causes harm.
⫸ Strict Liability Answer: The legal responsibility for damage or injury
even if you are not negligent
, ⫸ Deep pockets Answer: a description of the person or organization,
among many possible defendants, best able to pay damages and
therefore most likely to be sued in a tort case
⫸ Intentional tort Answer: A wrongful act knowingly committed.
⫸ Compensatory Damages Answer: A monetary award equivalent to
the actual value of injuries or damage sustained by the aggrieved party.
⫸ Punitive Damages Answer: Monetary damages that may be awarded
to a plaintiff to punish the defendant and deter similar conduct in the
future.
⫸ Infliction of Emotional Distress Answer: A defendant purposely
engages in an action that causes extreme emotional harm to the plaintiff
⫸ Intellectual property Answer: A product of the intellect, such as an
expressed idea or concept, that has commercial value.
⫸ Patent Answer: exclusive rights over an invention; copyright
⫸ Infringement Answer: the action of breaking the terms of a law,
agreement, etc.; violation.
EXAMINATION 2026 100 QUESTIONS WITH
DETAILED ANSWERS GRADED A+
⫸ Tort Answer: A civil wrong
⫸ Plaintiff Answer: a person who brings a case against another in a
court of law.
⫸ Defendant Answer: an individual, company, or institution sued or
accused in a court of law.
⫸ Damages Answer: money ordered by a court to be paid for injuries or
losses suffered
⫸ Settlement Answer: An agreement between two parties in a lawsuit.
⫸ Statute Answer: a written law passed by a legislative body
⫸ Negligence Answer: An unintentional tort. When a failure to use
reasonable care causes harm.
⫸ Strict Liability Answer: The legal responsibility for damage or injury
even if you are not negligent
, ⫸ Deep pockets Answer: a description of the person or organization,
among many possible defendants, best able to pay damages and
therefore most likely to be sued in a tort case
⫸ Intentional tort Answer: A wrongful act knowingly committed.
⫸ Compensatory Damages Answer: A monetary award equivalent to
the actual value of injuries or damage sustained by the aggrieved party.
⫸ Punitive Damages Answer: Monetary damages that may be awarded
to a plaintiff to punish the defendant and deter similar conduct in the
future.
⫸ Infliction of Emotional Distress Answer: A defendant purposely
engages in an action that causes extreme emotional harm to the plaintiff
⫸ Intellectual property Answer: A product of the intellect, such as an
expressed idea or concept, that has commercial value.
⫸ Patent Answer: exclusive rights over an invention; copyright
⫸ Infringement Answer: the action of breaking the terms of a law,
agreement, etc.; violation.
