Examlex
Expenditures by firms on new machines and buildings that are expected to yield a future stream of income is known as
Comparative Negligence
A legal doctrine that reduces the plaintiff's damages award by the percentage of their fault in causing the injury.
Strict Liability
Strict Liability is a legal principle that holds an individual or entity responsible for damages or harm caused by their actions, irrespective of negligence or intent.
Contributory Negligence
is a defensive legal strategy used to claim that an injured party cannot recover damages if it is demonstrated that they were also at fault, even partially, for their own injury.
Warranty of Merchantability
An implicit guarantee that a product is fit for the general purpose for which it is sold and meets a minimum quality standard.
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