Liability based on negligence must establish four element. Please list them below
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Liability based on negligence must establish four element. Please list them below.
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Step 1
Negligence occurs when an individual acts "underneath the standard of responsibility" by failing to conduct in the same or comparable conditions as a "fairly prudent person." In general, negligence occurs when a person deviates from the norm that the community deems "fair" in the conditions.
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