Examlex
In which statement(s) is "demand" used correctly? (I) "An increase in the price of hot dogs will reduce the demand for hot dogs."
(II) "An increase in the price of hot dogs will reduce the demand for hot dog buns."
Legal Duty
An obligation arising from law that requires an individual or entity to conform to a standard of conduct.
Prudent Person
An individual who exercises caution and good judgment when making decisions, often used as a standard for legal and financial decisions.
Misstatement
An error or inaccuracy in financial information or statements, which can be intentional (fraud) or unintentional.
Rebuttable Presumption
A legal presumption that can be overturned or challenged with evidence to the contrary, typically affecting the burden of proof in legal proceedings.
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