Examlex
An increase in liabilities will reduce a firm's net worth.
Court
A governmental institution authorized to settle disputes between parties, interpret laws, and administer justice in legal cases.
Professional
An individual with specialized skills and knowledge who adheres to the standards and ethics of a particular profession.
Negligence Action
A legal claim brought against someone who fails to take reasonable care, resulting in harm or damage to another person.
Reasonable Person
A legal standard used to determine how an average person would responsibly act in certain circumstances for the purpose of establishing negligence.
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