Business, Legal & Accounting Glossary
Sufficient; equal to what is required; suitable to the case or occasion.
A law that requires Public Utilities to provide adequate service does not create a right for customers to sue the electric company whenever the meat in their freezers spoils because of a power outage in the absence of negligence. Service does not have to be perfect in order to meet a standard of adequacy.
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This glossary post was last updated: 8th October, 2021 | 0 Views.