NEGLIGENCE RULE
\nˈɛɡlɪd͡ʒəns ɹˈuːl], \nˈɛɡlɪdʒəns ɹˈuːl], \n_ˈɛ_ɡ_l_ɪ_dʒ_ə_n_s ɹ_ˈuː_l]\
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Legal principle preventing an entity from putting forth a defense based on a mistake caused by that entity's negligence. For example, if a negligent entity causes a negotiable instrument's misuse, as in delivering it to a wrong person or leaving blank spaces in it, then that entity is estopped (refer to estoppel) from using the misuse against any subsequent holder who in good faith accepted or transferred the instrument.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"