Examlex
Which of the following is not an element required to be established to prove the tort of negligence?
Default Percent
The percentage of loans or debts that are not paid back in accordance with the terms agreed upon by borrowers and lenders.
Variable Cost
A cost that varies with the level of output or sales, such as materials and labor costs.
Monthly Interest Rate
The percentage of interest charged on a monthly basis on loans or credited to deposit accounts.
Credit
A financial arrangement where a borrower receives something of value now and agrees to repay the lender at a later date, generally with interest.
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