Examlex
Provide a definition of erosion.
Legal Duty
An obligation arising from law that requires an individual or entity to conform to a standard of conduct.
Prudent Person
An individual who exercises caution and good judgment when making decisions, often used as a standard for legal and financial decisions.
Misstatement
An error or inaccuracy in financial information or statements, which can be intentional (fraud) or unintentional.
Rebuttable Presumption
A legal presumption that can be overturned or challenged with evidence to the contrary, typically affecting the burden of proof in legal proceedings.
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