Examlex
Streaming media is a Cloud-based service used to store and share photos.
"50 Percent" Rule
A principle in insurance, especially in regards to total loss claims, stipulating that if the cost of repairing an item exceeds 50% of its value, it is considered a total loss.
Assumption Of Risk
Voluntarily taking on a known risk. A defense against negligence that can be used when the plaintiff had knowledge of and appreciated a danger and voluntarily exposed himself or herself to the danger.
Duty Of Care
A legal obligation that requires individuals to exercise a reasonable level of caution and protection to avoid harm to others.
Reasonable Person
A hypothetical individual in law whose behavior serves as a standard to determine what a prudent person would or would not do under similar circumstances.
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