People Generally Have a Duty to Act as a Reasonably

question 20

True/False

People generally have a duty to act as a reasonably prudent person would in similar circumstances.

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Definitions:

Quality Standards

Criteria established by regulatory agencies or industry groups to ensure products and services meet specific performance requirements.

De-facto

Describes practices or conditions that exist in reality, even if not legally recognized or officially sanctioned.

Approved List

A curated selection of investments deemed suitable for purchase or inclusion in a portfolio by a financial institution or advisor.

Successful Entrepreneurs

Individuals who have effectively managed to turn their business ideas into profitable and sustainable ventures.