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 1. LII
 2. Wex
 3. reasonable


REASONABLE


PRIMARY TABS

Just, rational, appropriate, ordinary, or usual in the circumstances. It may
refer to reasonable care, cause, compensation, doubt (in a criminal trial), and
a host of other actions or activities. In the law of negligence, for example,
the reasonable person standard is the standard of care that a reasonably prudent
person would observe under a given set of circumstances. An individual who
subscribes to such standards can avoid liability for negligence. “Reasonable” is
also frequently used for tax purposes. For example, the Internal Revenue Code §
162 allows for the deduction of “a reasonable allowance for salaries or other
compensation for personal services.” It can also serve as a signpost for
ascertaining liability in other areas, such as in securities fraud, where, in
Basic v. Levinson, the court used a “reasonable investor” standard to determine
if disclosure of information was significant enough to warrant fraud liability.

[Last updated in November of 2020 by the Wex Definitions Team]

 * wex
   * LIFE EVENTS
   * accidents & injuries (tort law)
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   * THE LEGAL PROCESS
   * wex definitions




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