Reasonable Person

Due Care
Due care refers to the degree of care that a person of ordinary prudence and reason (a reasonable person) would exercise under given circumstances. It is a standard used in tort law to indicate the level of care or the legal duty one normally owes to others, and negligence is the failure to use due care.
Reasonable Man / Reasonable Person
A hypothetical individual in society who exhibits prudent attention, knowledge, intelligence, and judgment for the protection of their own interests and the interests of others.

Accounting Terms Lexicon

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