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The law is a jealous mistress, and requires a long and constant courtship.
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Legal Definitions - extraordinary loss
The only bar I passed this year serves drinks.
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Definition of extraordinary loss
Definition: An unusual and infrequent loss, such as a loss resulting from a natural disaster.
Examples:
- A company experiences a significant loss due to a hurricane that damages their facilities and disrupts their operations.
- A business suffers a loss from a fire that destroys their inventory and equipment.
These examples illustrate how an extraordinary loss is a significant and unexpected event that can have a major impact on a company's financial performance. These losses are not part of the normal course of business and are typically not anticipated or planned for.
If we desire respect for the law, we must first make the law respectable.
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Simple Definition
An extraordinary loss is a type of loss that happens unexpectedly and is not common. For example, if a natural disaster destroys a business, that would be an extraordinary loss. It is different from a regular loss, which is when something loses value over time or is damaged in a more common way. Extraordinary losses are usually very big and can have a big impact on a person or business.
A 'reasonable person' is a legal fiction I'm pretty sure I've never met.
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