James Scott No Comments


Failure to use that degree of care which an ordinary person of reasonable prudence would use under the given circumstances.

Doctrine Of Negligence

Rests on duty of every person to exercise due care in his conduct toward others from which injury may result.

Contributory Negligence

Conduct by plaintiff which is a contributing cause which cooperates with the defendant’s negligence in causing the plaintiffs harm.

Gross Negligence

The deliberate or intentional failure to perform a clear duty in reckless disregard of the consequences on the life or property of another.

Ordinary Negligence

The failure to exercise care of an ordinarily prudent person in similar circumstances.

Wilful, Wanton Or Reckless Negligence

When one intentionally acts unreasonably in disregard of a risk known to him or which is obvious and so great as to make it highly probable that harm would follow.

Negligence In Law

Such as that which grows out of failure to observe a duty prescribed by law

Negligence Per Se That which is self-evident, i.e., conduct which clearly was not that of a careful person.

James Scott No Comments

Negligent Misrepresentation

Occurs when the person making the misrepresentation should have known, but was careless, about the truth of the representation.

James Scott No Comments


Transferable by endorsement, including cheques, notes, stocks, bearer bonds.

James Scott No Comments

Negotiable Instrument

Things having value that may be transferred from one to another in the normal course of business, e.g., cash money, cheque, bond, etc.

James Scott No Comments

Negotiated ADR

Negotiated ADR can be iterative and occur as part of other forms of dispute resolution. Critical to negotiated ADR is the authority or power to grant something to the other party that satisfies their need, whether expressed or implied.

James Scott No Comments

Net Income

Income remaining after all expenses and deductions have been considered.

James Scott No Comments

Net Lease

Lease in which, in addition to rent, requires the lease to pay taxes, insurance and maintenance charges.

James Scott No Comments

Net Line

The amount of liability the insurance company is prepared to expose to loss for its own account.

James Scott No Comments

Net Loss

Actual loss sustained by the insurer after deducting recoveries, salvage, subrogation, and reinsurance.

James Scott No Comments

Net Premium

Amount of original premium remaining after deducting premium refunds to the insured and reinsurance premiums