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Reasonable Care
A legal standard that requires individuals to act with the same level of care that a reasonably prudent person would exhibit in the same situation.
Fraudulent Misrepresentation
An intentional false statement of a material fact made by one party to induce another party to enter into a contract, resulting in harm or loss.
Defalcation
The misappropriation of funds or property by a person trusted with its charge; often related to embezzlement.
Consciously False
Refers to a statement or claim made with the knowledge that it is not true.
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