Examlex
Since the percentage-of-sales method assumes that all the form's costs and expenses are variable, it tends to understate profits when sales are increasing and overstate profits when sales are decreasing.
Plaintiff Reimbursement
The process through which a plaintiff may be compensated for costs or losses incurred, often as part of the judgment in a legal case.
Res Ipsa Loquitur
A legal doctrine that allows for the assumption of negligence on the part of a defendant when an accident is of a type that typically does not occur without negligence.
Doctrine Application
A legal principle that is applied to a case or situation to resolve it.
Actual Cause
The direct, factual reason something happened in legal causation, often referred to as 'cause in fact.'
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