Examlex
Which one of the following is not an assumption of the competitive model?
Ultramares Rule
A legal doctrine limiting the liability of auditors to third parties in cases of negligence, unless a prima facie case of fraud could be proven.
Primary Benefit Test
A legal principle used to determine who is primarily benefited by a service or transaction, often applied in labor law and contract disputes.
Common Law Negligence
A legal principle that imposes a duty to act with the care and diligence that a reasonably prudent person would under the same circumstances, where failure to do so results in harm or damage to another.
Restatement (Second) of Torts
The Restatement (Second) of Torts is a legal treatise from the American Law Institute that summarizes the general principles of common law torts in the United States.
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