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Liability that arises from not maintaining a building is referred to as?
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What is an accured liability?
A liability that arises because an expense happens in a time span former to the associated money payment.
When a business sells an item and collects a state sales tax on it a current liability arises?
true.
What is carious liability?
Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency, respondeat superior, the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator. It can be distinguished from contributory liability, another form of secondary liability, which is rooted in the tort theory of enterprise liability because, unlike contributory infringement, knowledge is not an element of vicarious liability
What are the liabilities account titles?
Accounts payable - is an obligation of the entity to pay a sum amount of money, that arises from the buying of goods and services on credit terms in the ordinary course of the business.Loans payable - obligations of an entity that arises from the borrowing of money from a lender.Unearned revenues - obligations to supply goods and services that is a result of advance payments of customers.Notes payable - almost the same as accounts payable, the only difference however is the fact that the liability is evidenced by a non-negotiable promissory note.Mortgage payable - obligations for long term borrowing in which a fixed asset, usually a land or building is use as a collateral.Salaries and wages payable - are obligations to employees to pay an agreed just compensation for rendering services for the entity.13-liability-accounts#ixzz1yNfijHWq
What is identifiabilty and separability in context of intangible asset?
Intangible assets are said to be identifiable when it is separable, ie capable of being separated or divided from the entity and sold, transferred, licensed, rented or exchanged, either individually or together with a related contract, asset or liability, or it arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the entity or from other rights and obligations
Contingent liability is?
A potential liability that arises from a past transaction and is dependent on a future event.
What is an accured liability?
A liability that arises because an expense happens in a time span former to the associated money payment.
When a business sells an item and collects a state sales tax on it a current liability arises?
true.
What is contingent liability?
A contingent liability is: (a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity; or (b) a present obligation that arises from past events but is not recognised because: (i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (ii) the amount of the obligation cannot be measured with sufficient reliability.
What is the liability for product warranty claims is an example of a liability that?
Product warranty claims liability is an example of a liability that arises from a company's obligation to repair or replace products that are defective or do not meet the terms of the warranty. This liability represents the estimated cost of fulfilling these warranty claims and is recorded on the company's balance sheet as a potential expense that may need to be incurred in the future.
What is carious liability?
Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency, respondeat superior, the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator. It can be distinguished from contributory liability, another form of secondary liability, which is rooted in the tort theory of enterprise liability because, unlike contributory infringement, knowledge is not an element of vicarious liability
What is the nature of general tortuous liability?
Tortuous liability arises from a negligence of civil duty, patent, copyright infringement or defamation. The important difference between contracted liability and this, is that anyone can claim remedy not necessarily the contracting parties.
Who is responsible for the health of the community?
Usually the Health Department or the Ministry of Health is responsible for maintaining the health of the community in general and for intervening when a community health problem arises.
What does culpability mean?
It means that someone is legally responsible for the damage that arises out of their conduct. It is related to the principles of criminal liability. For detailed information please see the related link below.
Arises from spinal nerves T1 to L3?
The division of the autonomic nervous system that arises from spinal nerves T1 to L3 is the sympathetic division. This division is responsible for controlling involuntary body functions.
Tortious liability arises from the breach of a duty primarily fixed by law this duty is towards persons generally and its breach is redressible by an action for un liquidated damages who said this?
Professor P.H. Winfield
What are the liabilities account titles?
Accounts payable - is an obligation of the entity to pay a sum amount of money, that arises from the buying of goods and services on credit terms in the ordinary course of the business.Loans payable - obligations of an entity that arises from the borrowing of money from a lender.Unearned revenues - obligations to supply goods and services that is a result of advance payments of customers.Notes payable - almost the same as accounts payable, the only difference however is the fact that the liability is evidenced by a non-negotiable promissory note.Mortgage payable - obligations for long term borrowing in which a fixed asset, usually a land or building is use as a collateral.Salaries and wages payable - are obligations to employees to pay an agreed just compensation for rendering services for the entity.13-liability-accounts#ixzz1yNfijHWq
