Examlex
Describe the three sections included in a personal balance sheet.
Losses
Financial or material reductions resulting from business activities or other endeavors.
Negligence
Failure to take reasonable care to avoid causing injury or loss to another person.
Insurer
An entity that provides insurance policies to individuals or organizations, offering financial protection against losses from specified risks.
Fraud
Intentional deception or misrepresentation made by a person with the knowledge that the deception could result in some unauthorized benefit to oneself or some other person.
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