Examlex
Investors and management use the statement of cash flows to evaluate a firm's profitability.
Contributory Negligence
A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to the injury.
Assumed Risk
A principle that a person may voluntarily undertake or accept a risk inherent to an activity, thus absolving others from liability for any injury resulting from that risk.
Last Clear Chance
is a doctrine in tort law that allows a plaintiff to recover damages despite proof of contributory negligence if the defendant had the last opportunity to avoid the accident.
Intervening Cause
A legal term for an event that occurs after a party's initial act of negligence and contributes to a harmful event without breaking the causal link between the negligent act and the harm.
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