Minnesota Real Estate Exam Practice Question
Which term describes failing to act with the level of care an ordinary person would exercise under the same circumstances?
Correct Answer: C
Rationale: Negligence refers to the failure to exercise the level of care that a reasonable person would in similar circumstances, leading to potential harm to others. This concept is foundational in law and ethics, emphasizing accountability for one's actions.
Option A, "morale hazard," relates to the change in behavior when individuals feel insured against risk, not the failure to act with care. Option B, "moral hazard," involves taking greater risks because someone else bears the consequences, which is distinct from negligence. Option D, "duty owed," refers to the obligation to act, but does not encompass the failure to act appropriately, which is central to negligence.
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