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Some argue that the Rylands v Fletcher rule should remain as a separate tort liability because it holds strict liability for certain activities that cause harm, regardless of fault. This can encourage greater care and precaution by those engaging in inherently risky activities. However, others argue that its principles can be incorporated into existing tort laws, such as negligence, making a separate tort liability unnecessary.
What else can I help you with?
What do I need to study for business liability insurance license?
To prepare for a business liability insurance license, you should study concepts related to insurance laws and regulations, types of business liability coverage, policy terms and conditions, claims management, risk assessment, and ethics in insurance. It's also recommended to review sample exam questions and study guides specific to your state's requirements.
By law do you have to get liability insurance for a wedding?
No. But if you have wedding insurance public liabilitycoverage may be included. The extent of coverage is deefined by the terms and conditions of the policy. Further, if someone is injured as a result of a negligent act by the owner of the facility where the weddinhg is held, his/her/its liability insurance would probably come into play. That is one of the areas of inquiry that should be made when you are choosing a venue for a wedding.
Is it ethical for the law to impose liability retroactively?
Imposing liability retroactively can raise ethical concerns as it may go against principles of fairness and justice. Individuals should generally have notice of what conduct is prohibited before being held liable for it. Retroactive laws can also disrupt settled expectations and impact the rule of law.
Where to Find a Liability Release Form?
From time to time, small business owners need to have customers sign a liability release form. This usually occurs during big promotions or events for that particular business. A signature on this form releases the owner from liability should any damage occur to a given participant. Without a doubt, business owners need to use these forms, and they are widely available through legal resources.
Should your ins co tell you that your dogs are NOT covered in a liability claim?
It is pretty much the standard now, when you get homeowners or renters insurance. The agent will ask if you have pets, what those pets are, if they are dogs what kind of dogs they are. There are some types of dogs that wont be covered.
What is separate determination concept?
The concept that the amount of each asset or liability should be determined separately
If a farm is owned by three separate parties how should liability insurance be handled?
You should contact a good agent and they will be able to help you with this, I would assume they 'partnership' would be the owners.
Does liability insurance get you money for a car if your car is totaled?
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
Should Fletcher tell Christopher how to Answer?
Nope HaHa
What should be considered a liability?
A liability is anything owed to one company/person by another.If you owe money to someone it is a liability.
What are the accounting journal entries to record security deposit?
The accounting journal entries to record a security deposit should be a separate entry titled security deposit. You should include the tenants name, and it should be considered a liability since you will have to return it at some point.
Is salary payable a current liability or long term liability?
It should be current liability because it is made monthly, not per year.
What is liability coverage?
LIABILITY COVERAGE Refers to coverage for liability that an individual has if he or she should negligently injure another person or another person's property.
You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?
You need a commercial general liability policy.
Your capital is your major asset and so should be shownas an asset on the balance sheet?
It is the basic concept of accounting that business is a separate entity from it's owner. So when owner invest capital in business its now the liability of the business to return back that amount of capital to owner of business at the time of liquidation of the company that's why it is not asset but liability of the company and shown under liability side.
Should volunteer sports coaches get general liability insurance?
No, because they are volunteering to do it. If they got liability insurance for it, then they should just get paid for doing it.
What is the difference between consumer liability and debt collection issues?
Consumer liability is an area of civil law that provides consumers with remedies against manufacturers, distributors, and retailers who make, sell, or market faulty products. Questions in this category should be related to defective products, warranty concerns, and merchantability issues.Consumer liability does not mean the consumer is liable.Debt collection is a separate issue entirely from consumer liability and deals with repossession, foreclosure, and other methods used by creditors to collect money owed to them. These types of issues are not consumer liability questions.
