The distinction between strict and absolute liability can be seen by examining the issue of causation.
For strict liability offenses no evidence of intent or any other mens rea is required. It is however normal for the prosecution to be required to prove causation. For example, in speeding it is necessary to prove the defendant was "driving", but not that he intended to drive faster than permitted, or even that he knew he was doing so.
Just like strict liability, absolute liability offences do not require evidence of intent or mens rea. As for causation, the prosecution only has to prove that the proscribed event occurred or situation existed, then the defendant will be liable because of his status.
So, in the EMPRESS CAR CASE the company was liable for the pollution of the river even though the diesel tap was turned on by an unknown stranger
There is no difference between Contingent Liability and Off Balance Sheet Liability.
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
Annual liability is the amount of liabilities you have at a specfied date, while annual flow liability is the amount of annual liability thatmust be repaid during the next financial year.
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
One is a liability and the other an asset.
In strict liability, there are certain defenses available whereas in absolute liability, there are none.
There is no difference between Contingent Liability and Off Balance Sheet Liability.
difference between third party liability and public liability
Difference between horse liability and stableman coverage
The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.
A primary liability is discussed when the libelous action finds you at fault as the caregiver. A vicarious liability is the liability shared with another in a supervisory role.
Strict liability is a form of civil liability, similar to negligence. The main difference between strict liability and tortious liability is that you can be held liable for any harm resulting from certain activities without any fault, simply because the activity falls within the classification of strict liability. Most states have adopted strict liability in some form, and activities that qualify fall into two general categories.
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Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
Liability - is something covered by law. Obligation - is something you're 'expected' to do.
Liability - is something covered by law. Obligation - is something you're 'expected' to do.
A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.