Those Who Engage in Gratuitous Undertakings Do Not Have a Duty

question 15

True/False

Those who engage in gratuitous undertakings do not have a duty to exercise reasonable care.

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Definitions:

Standards

Established requirements, criteria, or guidelines commonly used for comparison, measurement, or quality assessment.

Default

Failing to fulfill a legal obligation or agreement, particularly in paying back a loan.

Secured Creditor

A creditor with the benefit of a security interest in assets of the debtor, giving them a preferential position in the event of the debtor's insolvency.

Possession

The state or fact of owning, controlling, or having something in one's custody, legally or otherwise.