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Liability that arises from not maintaining a building is referred to as "premises liability." This legal concept holds property owners responsible for injuries or damages that occur on their property due to neglect or failure to address hazardous conditions. If a person is injured because the owner did not maintain the building properly, the owner may be liable for those injuries.
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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 is a promissory liability?
A promissory liability is a legal obligation or commitment made by a party to pay a specific amount to another party at a future date. It typically arises from promissory notes, contracts, or agreements where the borrower promises to repay a loan or debt. This liability represents a financial commitment that must be honored and is recorded on the balance sheet of the borrowing entity as a liability until fulfilled.
What types of pecuniary liability are there?
Pecuniary liability generally refers to financial obligations or liabilities that arise from various sources. The main types include contractual liability, which arises from agreements or contracts; tort liability, stemming from wrongful acts or negligence; and statutory liability, which is imposed by law. Additionally, there can be vicarious liability, where one party is held responsible for the actions of another, typically in employer-employee relationships. Each type involves different legal principles and consequences for the liable party.
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 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 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 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.
What is a promissory liability?
A promissory liability is a legal obligation or commitment made by a party to pay a specific amount to another party at a future date. It typically arises from promissory notes, contracts, or agreements where the borrower promises to repay a loan or debt. This liability represents a financial commitment that must be honored and is recorded on the balance sheet of the borrowing entity as a liability until fulfilled.
What types of pecuniary liability are there?
Pecuniary liability generally refers to financial obligations or liabilities that arise from various sources. The main types include contractual liability, which arises from agreements or contracts; tort liability, stemming from wrongful acts or negligence; and statutory liability, which is imposed by law. Additionally, there can be vicarious liability, where one party is held responsible for the actions of another, typically in employer-employee relationships. Each type involves different legal principles and consequences for the liable party.
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.
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.
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
