A legal right of recovery can be based on which of the following?

A legal right of recovery can arise from various sources, including torts, contracts, and statutes. Each of these areas of law provides a framework through which individuals can seek compensation or restitution for harm or loss.

In tort law, recovery typically occurs when one party commits a wrongful act that causes harm to another party, such as in cases of negligence, intentional harm, or strict liability. This allows the injured party to seek damages for the injury suffered.

In the realm of contracts, recovery usually comes into play when a breach occurs. If one party fails to fulfill their contractual obligations, the other party has the right to seek damages for the loss incurred as a result of the breach.

Statutory rights can also create avenues for legal recovery, established by legislation. These laws may provide specific remedies for violations, such as consumer protection statutes that allow individuals to pursue claims against businesses for unfair practices.

Given that recovery can be sought through any of these means, the correctness of the answer lies in recognizing that all three sources—torts, contracts, and statutes—can provide individuals with the legal grounds to seek compensation or remedy. This comprehensive understanding of the sources of legal recovery is crucial for anyone involved in personal lines brokerage in California.