Final answer:
Duty of care is the legal concept that identifies the amount of precaution a prudent person would exercise in a specific situation.
Step-by-step explanation:
The legal concept that identifies the amount of precaution a prudent person would exercise in a specific situation is called Duty of care. Duty of care is a legal obligation imposed on individuals to act reasonably and avoid actions or omissions that could harm others. In other words, it means taking reasonable steps to prevent harm to others.