Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Stock dividends represent [taxable | nontaxable] income.
Reasonable Person
A hypothetical individual in society who exercises average care, skill, and judgment in conduct and who serves as a comparative standard for determining liability.
Res Ipsa Loquitur
A legal doctrine allowing the presumption of negligence in a case where the exact cause of harm is unknown but it is clear the defendant had control.
Superior Skill
Exceptional ability or proficiency in a particular area, often surpassing the ordinary or expected level of expertise.
Abnormally Dangerous
Activities or conditions that inherently pose a high risk of harm to others, even when reasonable care is taken.
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