Examlex
According to the NALA Model Standards and Guidelines for Utilization of Legal Assistants,a person who has successfully completed the Certified Legal Assistant CLA)examination qualifies as a legal assistant.
Duty of Care
The legal obligation to take reasonable care to avoid causing harm to another person, which varies depending on the relationship between the parties.
Economic Loss
Financial damages suffered by an individual or business, often due to breach of contract, negligence, or other wrongful actions.
Zoning By-Laws
Regulations established by local governments detailing the permissible uses for different areas or zones within a municipality.
Real-Estate Agent
A licensed professional who represents buyers or sellers in real estate transactions, providing guidance, negotiation, and expertise.
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Q78: Explain the concept of a 'Nash equilibrium'.