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What do you mean by internal and external liability of the company?
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
Why are the amounts withheld from employees' payroll check a liability of the employer?
Amounts withheld from employees' payroll checks are considered a liability for the employer because these funds are not the employer's property; instead, they are owed to third parties such as tax authorities, retirement plans, and other benefit providers. The employer has a legal obligation to remit these withholdings on behalf of the employees, which creates a financial responsibility. Until these amounts are paid to the respective entities, they represent a liability on the employer's balance sheet.
What does a credit balance on partner's current account mean?
current liability
What does it mean a married couple filing a joint tax return has joint and several liability for the taxes associated with the return?
It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
What does payroll mean?
Payroll is a list of employees and their salaries.
Why the vicarious liability is type of strict liability?
Vicarious liability holds an employer legally responsible for the actions of their employees. It is considered a form of strict liability because the employer is held accountable for the actions of their employees, regardless of fault or intent. This means that the employer is liable for any harm caused by the actions of their employees in the course of their employment.
Give a breif History of Liability Insurance?
Liability Insurance started with employees within the industrial times.
Can culture be liability to an organization?
culture can be a liability to an organisation where organisation does not value different cultures of their employees or diversity
Can culture be a liability to an organization?
culture can be a liability to an organisation where organisation does not value different cultures of their employees or diversity
Is a vicarious liability a liability imposed upon a tortfeasor in the case of an intentional tort?
Vicarious liability is typically imposed on a third party, such as an employer, for the actions of their employees. It is not specific to intentional torts, as it can also apply to negligent actions by employees that occur within the scope of their employment.
How do I get general liability insurance?
Compare general liability insurance quotes from multiple providers. Learn about liability insurance in our free buyers' guides to business insurance.Hiscox specializes in general liability insurance for businesses with 10 employees or less.
What doctrine holds physicians legally responsible for negligent acts of their employees?
The doctrine that holds physicians legally responsible for negligent acts of their employees is called "vicarious liability" or "respondeat superior." Under this doctrine, employers are held responsible for the actions of their employees that occur within the scope of their employment.
What does limited liability mean to corporations mean?
When an investor's liability is limited only to the initial investment
What do you mean by internal and external liability of the company?
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
What are the guide lines for general liability insurance when hiring employees?
What are the Underwriting guideline's for general liability insurance when hiring employee's and considering their Motor Vehicle Reports?
When is general liability insurance required?
General liability insurance is required for your business as soon as you have something to protect, whether that be assets, sales, employees, a building, etc. We recommend you buy general liability insurance once you have a location, sales, employees, or anything to lose. GL Insurance helps you protect and defend your business from lawsuits.
What is the difference between vicarious liability and respondeat superior in terms of holding an employer legally responsible for the actions of their employees?
Vicarious liability and respondeat superior are legal concepts that hold employers responsible for the actions of their employees. Vicarious liability means the employer is held responsible for the actions of their employees, even if the employer did not directly cause the harm. Respondeat superior is a specific type of vicarious liability that holds the employer responsible for the actions of an employee if the employee was acting within the scope of their employment when the harm occurred.
