Examlex
Which of the following statements regarding negotiations around the world is correct?
Financial Loss
The negative impact experienced when expenses exceed revenues, or when assets lose value, affecting an individual's or entity's overall financial health.
Volenti Non Fit Injuria
A defence in torts based on the plaintiff’s voluntarily assuming a clear legal risk.
Physical Risk
Refers to the likelihood of bodily harm or injury in a given environment or activity.
Legal Risk
The potential for losses or damages resulting from legal proceedings, actions, or changes in law.
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