Under Common Law,an Occupier Owes a Duty of Care to All

question 25

Essay

Under common law,an occupier owes a duty of care to all people coming onto their premises,including trespassers.Why do you think the courts extended this duty of care to trespassers? Do you think that the courts' approach was justified?

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Definitions:

Installment Note

A debt or loan that is repaid over time with a set number of scheduled payments, typically including both principal and interest.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, payable over a certain period to the lender as compensation for the loan.

Installment Note

A debt instrument that requires a series of periodic payments, often including both principal and interest, over a set period of time.

Carrying Amount

The value of an asset or liability as reported in a company's financial statements, reflecting adjustments like depreciation or amortization.