0
One is obligated to compensate an injured party when they have breached a legal duty that directly resulted in harm or loss to that party. This obligation typically arises in cases of negligence, where the responsible party's failure to exercise reasonable care leads to injury. Additionally, compensation may be required in instances of intentional wrongdoing or breach of contract. Ultimately, the specifics depend on the circumstances of the case and applicable laws.
What else can I help you with?
Do you have to accept a credit card if you apply for one?
No, you are not obligated to accept a credit card if you apply for one.
Why indemnity bond required?
An indemnity bond is required to protect one party from potential losses or damages caused by the actions of another party. It ensures that if a specified event occurs, such as a breach of contract or legal claims, the bondholder will compensate the affected party for any financial losses incurred. This bond provides a layer of security and risk management in various transactions, such as construction projects or business agreements, ensuring that obligations are met and liabilities are covered.
If one person obtains a loan can they claim another persons income if they dont cosign?
No. No income not belonging to an obligated borrower may be considered.
Is the lender obligated to notify a cosigner if a payment is past due in the State of Wisconsin?
No, the cosigner may be the first one the lender attempts to collect from if the primary borrower defaults. That will probably be the only "warning" one receives.
What is modarbha?
Modarbha is a concept in Islamic banking. According to Modarbha one party provides the finance to the other party who establishes and manages business.
What happens in a contract when only one party makes a promise to do or not to do something?
In a contract where only one party makes a promise to do or not do something, it is considered a unilateral contract. This means that one party is legally obligated to fulfill their promise, while the other party is not required to do anything unless they choose to accept the offer.
How do law of tort functions?
The law of tort functions by providing a legal framework for addressing civil wrongs committed by one party against another, resulting in harm or injury. It aims to compensate the injured party for their losses and deter others from engaging in similar wrongful behavior. In cases of tort, the burden of proof typically falls on the plaintiff to demonstrate that the defendant's actions or omissions caused them harm.
What happens if your charged for slander?
If you are charged for slander, you could face legal consequences, such as having to pay damages to the person you slandered. Slander is a civil offense, not a criminal one, so you would not face jail time, but you could be required to defend yourself in court and potentially compensate the injured party for any harm caused by your defamatory statements.
What happens if a contract is broken and one party fails to fulfill their obligations?
If a contract is broken and one party fails to fulfill their obligations, the other party may seek legal remedies such as suing for damages or specific performance. This means they can ask the court to enforce the terms of the contract or compensate them for any losses incurred.
Why is an insurance contract a unilateral contract?
a unilateral contract is one in which one party 's promise is exchanged with other party's act. insurance contract is unilateral because one party ie the insured pays premium regularly and the insured ie the other party promises to compensate for any loss caused to the insured. here the act of paying premium by insured is exchanged with the promise of insurer.
If two people live together with separate cars and separate insurance are they excluded from an injury claim if one is hurt as a passenger in other roommates car driven by roommate?
No. You would not be excluded. The injured party is entitled to their claim. If the insurance tries to deny for any reason, the injured party can sue the insurance company.
Is Macy's obligated to email a response after an interview?
No one is obligated to contact you in any way. Though it would be rude not to do so.
What is the legal definition of insurance?
A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.http://legal-dictionary.thefreedictionary.com/insurance
Are companies obligated to have more than one item at the advertised price?
no
How many people died injured in mount st helens eruption 2004?
No one was killed or injured enough to be recorded. No one was killed or injured enough to be recorded.
Do you have to accept a credit card if you apply for one?
No, you are not obligated to accept a credit card if you apply for one.
To defray one's expenses is to?
To compensate or to pay part of a cost/expense.
