Examlex
Household production still exists because it often requires fewer specialized resources than market production does.
Reasonably Foreseeable Users Test
A legal principle used to determine if a manufacturer could have anticipated the potential users of their product, thus bearing responsibility for their safety.
Work Product
Documents and materials developed by attorneys or their agents in preparation for legal proceedings, which are generally protected from discovery.
Proper Business Purpose
A proper business purpose is a motive or reason for conducting business activities that is legal, ethical, and within the bounds of corporate governance standards.
Restatement Test
A guideline used in legal contexts to determine the interpretation or application of laws, often referencing the Restatements of the Law—a series of treatises on various legal subjects.
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