Home : Terms : Article : Calculators Advertising : Contact us
Home > Terms > Accounting > Negligence

Term: Accounting -> Negligence
Term:

Negligence

Definition:

The omission to do something which a reasonable man, guided by those ordinary considerations which ordinarily regulate human affairs, would do, or the doing of something which a reasonable and prudent man would not do. Negligence is the failure to use such care as a reasonably prudent and careful person would use under similar circumstances; it is the doing of some act which a person of ordinary prudence would not have done under similar circumstances or failure to do what a person of ordinary prudence would have done under similar circumstances. The term refers only to that legal delinquency which results whenever a man fails to exhibit the care which he ought to exhibit, whether it be slight, ordinary, or great. It is characterized chiefly by inadvertence, thoughtlessness, inattention, and the like, while "wantonness" or "recklessness" is characterized by willfulness. The law of negligence is founded on reasonable conduct or reasonable care under all circumstances of particular care. Doctrine of negligence rests on duty of every person to exercise due care in his conduct toward others from which injury may result.

Related terms:

Continuing Professional Education

Gross profit

Useful articles:
»Some Advertising Is Doomed To Fail
»What You Need To Know About Incorporating Your Business
»How Visual Aids Undermine Presentations--Three Ways You May Be Boring Your Audience To Tears
»Email Marketing Tips


Tax Calculator
Borrowing power
Stock Market


Browse by categories
Accounting
Advertising
Banking
Bankruptcy
E-Commerce
Economics
Finance
Law
Investment
Insurance
Marketing
Real estate
Statistic
Trade
Purchasing


ABCDEFGHIJKLMNOPQRSTUVWXYZ

Featured Articles:
Business & Financial
*What is an eBay Business?*

An eBay business is what you make of it. You sell your items auction-style; the items go to the highest bidder. Want to sell baby clothes? Collectibles? To... [ more... ]

Customer Servces
Every single contact your organization has with its customers either cultivates or corrodes your relationship. That includes every letter you send, every ad you run, and every phone call you make. ... [ more... ]
Time Management
As speakers, many of us have thought or said, "I wish I had more time to write" or "I can't seem to get my writing complete".  Time is such a precious commodity and on... [ more... ]
  Disclaimer | Privacy | Terms of useCopyright © 2004-2005 E-terms.com