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What is indminity?
An indemnity is compensation given to a party to compensate for loss or injury or another contingent liability. This is often done as protection against legal action from the party suffering the loss.
What is meant by 'contingent liability'?
'Contingent Liabilities' is a term defined as financial or legal liabilities that are dependant on some future event that has yet to occur. i.e. a court case or judicial review.
What class code for tenant's legal liability?
What is General Liability class code for tenant's legal liability
What is a word meaning legally responsible?
Legal Liability. Liability.
What is 'vicarious liability'?
Vicarious liability is a legal doctrine where one party is held responsible for the actions of another party. It is often applied in employer-employee relationships, making the employer liable for the actions of their employees performed within the scope of their employment. This principle allows for injured parties to seek compensation from the employer rather than solely the individual who caused harm.
What legal form do you?
liability
Legal Expression from Latin meaning Pending?
in fieri Also: Pendens or Lis Pendens (Suit Pending)
What does pending disposition mean in legal terms?
A pending disposition in legal terms means that no decision has been reached yet. When someone is arrested and they have a pending disposition, it means that it has not yet been determined whether they have actually committed a crime or not.
Horse Legal Liability vs stableman's liability?
Difference between horse liability and stableman coverage
What is the legal meaning for absolute liability?
Absolute liability means that a party is responsible for damages or injuries regardless of fault or intent. This legal doctrine holds individuals or entities strictly liable for harm caused, often in cases involving hazardous activities or products. It removes the need to prove negligence and focuses solely on the harm inflicted.
What is the definition of Tenant's Legal Liability?
Provides insurance against legal liability for property damage to business premises leased or rented to the insured.
What is private liability?
Private liability is a type of company that offers limited liability. This limited liability can also include limited legal protection for its shareholders.
