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Negligence

Negligence is the legal term used to describe the lack of care shown by an individual in carrying out their duties. This failure to meet the standard of care required can result in legal consequences. It is important to understand the concept of negligence as it is a crucial aspect in the world of finance. Let's delve deeper into this topic and explore its various implications.

Vicarious liability laws

In the world of finance, there are certain laws that hold individuals or businesses responsible for the actions of others. For example, parents may be held liable for the ac...

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Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

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Twisting

As a professor in the field of finance, it is crucial to understand the potential risks and unethical practices that can occur in the insurance industry. One such act is whe...

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Expediting expenses

When an insurer agrees to cover the cost of expediting the repair of machinery, they are agreeing to cover any reasonable additional expenses. This can include costs for ove...

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