Examlex
Which of the following statements represents a correct and sequentially accurate economic explanation?
Duty To Protect
A legal obligation imposed on individuals or entities, requiring them to take reasonable steps to protect others from foreseeable harm.
Assumption Of Risk
A traditional defense to negligence liability based on the argument that the plaintiff voluntarily exposed himself to a known danger created by the defendant’s negligence.
Comparative Fault
Often used synonymously with comparative negligence. But also sometimes used to refer to a defense that operates like comparative negligence but considers the plaintiff’s and the defendant’s overall fault rather than either’s negligence alone.
Fault
A defect, mistake, or error in a system or character that often leads to malfunction or adverse outcomes.
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