Nevada Revised Statutes 392.297 – Definition of when person has ‘reasonable cause to believe’ and when person acts ‘as soon as reasonably practicable.’
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For the purposes of NRS 392.275 to 392.365, inclusive, a person:
Terms Used In Nevada Revised Statutes 392.297
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. Has ‘reasonable cause to believe’ if, in light of all the surrounding facts and circumstances which are known or which reasonably should be known to the person at the time, a reasonable person would believe, under those facts and circumstances, that an act, transaction, event, situation or condition exists, is occurring or has occurred.
2. Acts ‘as soon as reasonably practicable’ if, in light of all the surrounding facts and circumstances which are known or which reasonably should be known to the person at the time, a reasonable person would act within approximately the same period under those facts and circumstances.