What is the Prudent Man Rule?
The Prudent Man Rule was first defined in Castle v Womble, 19 LD 455 (1894), where the Secretary of the Interior held that: “Where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success, in developing a valuable mine, the requirements of the statute have been met.”
Related Questions
- Timothy 3:5. In speaking of a local elder in a local congregation, Paul wrote Timothy: "For if a man know not how to rule his own house, how shall he take care of the CHURCH OF GOD?
- If sodomy occurs after a man marries one of the boys female relatives, does the above rule apply?
- What is the difference between the Prudent Man Rule and the Prudent Investor Rule?
