Examlex
Write a scenario where a defendant would NOT be considered legally responsible for a victim's injury or death that results from a coincidental intervening act. Be sure to indicate the factual cause and the proximate cause. Now write a scenario where the defendant would be held legally liable for a coincidental intervening act. Why would the defendant be held liable in the second scenario?
Minimum Gain
The least amount of profit or advantage that can be achieved in a given transaction or situation.
Maximum Gain
The highest possible profit or advantage that can be achieved in a particular situation.
Nash Equilibrium
A situation in strategic interactions where each participant's choice is optimal, considering the decisions of others.
Firm
An organization engaged in commercial, industrial, or professional activities, typically aimed at generating profits.
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