Examlex
What are the disadvantages faced by the insurance companies in bearing risk?
Ultramares Rule
A doctrine limiting the liability of auditors to third parties for negligence, except in cases of fraud or misrepresentation.
Near Privity
A relationship closely resembling that of direct contractual connection, often recognized in legal contexts despite the absence of an actual contract.
Foreseen Users
Refers to individuals or groups that a product, service, or piece of information is expected to reach or impact.
Fraud
Purposefully misleading someone for one's own benefit or to harm another person.
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