Examlex
An increase in the real interest rate leads to
Negligence
A failure to exercise the level of care that someone of ordinary prudence would have exercised in similar circumstances, leading to harm or damage.
Action
In legal terms, an action refers to a formal process by which one party sues another, seeking judicial intervention to resolve a dispute.
Palsgraf Case
A landmark case in American tort law that established the principle that negligence requires foreseeability of harm to the plaintiff.
Prima Facie
A Latin term meaning "at first sight" or "on its face," referring to evidence that, unless rebutted, is sufficient to prove a particular proposition or fact.
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