Balking and Reneging Mean the Same Thing

question 5

True/False

Balking and reneging mean the same thing.

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Definitions:

Professional Negligence

Failure of a professional individual to provide the required standard of care, skill, or diligence, leading to client harm or loss.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Professional Associations

Organizations seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.

Standards of Performance

The levels of service or achievement that are expected according to a contract or law.