In Determining If a Person's Conduct Is Negligent, the Law

question 366

True/False

In determining if a person's conduct is negligent, the law applies the "subjective person" standard of what is reasonable for that person.

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Definitions:

State

A politically organized body of people usually occupying a definite territory; especially one that is a constituent of a federal republic like the USA.

No-Par Shares

Stocks issued without a par value, meaning the company does not assign a formal value to them, but they still represent ownership in the company.

Shareholder

An individual or organization that owns shares in a corporation and has potential voting rights.

Fair Market Value

The price at which an asset would sell under normal conditions, where both buyer and seller are informed and willing.