Examlex
Individuals are allowed to deduct interest paid on an income tax deficiency as an itemized deduction.
Duty Of Care
A legal obligation to ensure the safety or well-being of others, which can arise in various contexts such as professional services or public activities.
Honest Error
A mistake made without malicious intent or knowledge of its falsehood, often considered in legal and ethical considerations.
Underestimating Cost
The act of calculating or predicting a cost to be lower than it eventually turns out to be.
Personally Liable
The legal responsibility of an individual to fulfill a debt or obligation from their own assets.
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