Examlex
The use of variable costing to determine managers' bonuses does not give the incentive to produce more products than needed.
Assumption of Risk
A legal doctrine under which an individual knowingly and willingly takes on the risks associated with an activity, potentially limiting liability for harm that occurs as a result.
Res Ipsa Loquitur
A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence on how any defendant behaved.
Rebuttable Presumption
is a presumption in law that one can challenge and overturn with evidence to the contrary.
Breach of Duty
Failure to meet the standard of care or obligation required by law or contract, which could lead to legal action.
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