Examlex
Switzerland exports 51 percent of their GDP, compared to the United States, which exports only about 14 percent.
Liability
refers to the legal responsibility for one's actions or for causing harm, which can result in having to pay damages or fulfill certain obligations.
Bailor
An individual who temporarily transfers possession of a piece of personal property to another (the bailee) under an agreement.
Gross Negligence
An act committed with extreme reckless disregard for the property or life of another person.
Bailee
A person or entity that temporarily holds property belonging to another under a bailment agreement, usually for a specific purpose.
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