Definition from Nolo’s Plain-English Law Dictionary
A legal standard based upon what a prudent person would believe. If reliance is not reasonable, a defendant in certain situations may not seek redress. For example, someone who invested in a machine that allegedly turned rocks into gold could not recover damages for fraud if it could be shown that a prudent person would not have reasonably relied on such claims.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm