Examlex
The purpose of credit unions is to serve their members' lending needs.
Legal Standard of Care
The extent of carefulness and precaution demanded from a person obligated to exercise a duty of care.
Acceptable Standard
A recognized level of quality or attainment that is considered satisfactory.
Skilled Professional
An individual with special training, knowledge, and ability in a particular area of expertise.
Prudent Person
A legal standard referring to the conduct of a hypothetical reasonable individual under specific circumstances.
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