To Establish If the Defendant Has Breached a Duty of Care,the

question 7

Multiple Choice

To establish if the defendant has breached a duty of care,the court will apply:

• A)was the risk not insignificant?
• B)would a reasonable person have taken precautions?
• C)was the risk foreseeable?
• D)All of the above.
• E)a and b only

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Definitions:

AASB 127

An accounting standard issued by the Australian Accounting Standards Board that outlines the accounting and reporting principles for investments in associates and joint ventures.

Separate Financial Statements

Financial statements presented by a parent or an investment entity that displays its investments in subsidiaries, associates, and joint ventures at cost or in accordance with specified financial instruments standards.

Reporting Entity

An entity, including companies and governments, that is required to present its financial statements to external users.

Percentage Of Ownership

Refers to the fraction of a company's shares that an individual or entity owns, typically expressed as a percentage of the total shares.