For the Average Consumer There Is Usually a Set Limit

question 69

True/False

For the average consumer there is usually a set limit on open or revolving credit accounts.

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Definitions:

Danger Invites Rescue

A legal doctrine stating that a rescuer who gets injured while saving another from harm can claim against the person or entity that caused the danger.

Superseding Cause

An intervening cause that alters the natural sequence of events and relieves a defendant from liability for harm caused after the intervention.

Legal Duty

An obligation imposed by law where an individual is required to adhere to a standard of reasonable care while performing any acts that could harm others.

Superseding Cause

refers to an unforeseeable event that interrupts the chain of causation and becomes the primary reason for an injury, thereby relieving the defendant from liability in a negligence claim.