Essays on Liability

This situation involves matters regarding consideration. Consideration must be money or money worth which in the case of Currie v Miss was defined as: “some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss of responsibility given, suffered or undertaken by the other. ” Where one side performs its…

Should limited liability apply to protect shareholders from the claims of involuntary creditors of a company? Introduction:Business entities are formed under state legislature mainly to permit individuals to group together to invest capital for new ventures . The main aim is to shield the investors from the liabilities of the business, so that their risk…

As for the different levels of responsibility that owners and partners can help in selecting the appropriate form of organization for future business initiatives. Limited Liability Corporations: Business Name Business Type Personal liability Tinker’s Home Security Service Sole proprietorship The sole proprietor’s assets, personal and business-related, are all subject to a lawsuit (Statuses, 2012). Tinker…

Question 1: At any of these dates, did Intel have a contingent liability as defined by SFAS #5? June 30: Intel has discovered the flaw No contingent liability, no disclosure. According to Intel, a series of tests has showed that an error would occur only once every nine billion random calculations, or every 27,000 years…

How does the law justify imposing strict liability for some criminal offences? ‘actus non facit nise men sit rea’ means an act alone cannot constitute guilt without the proof of a guilty mind, for most criminal cases. Strict Liability is the legal responsibility for injury or damages even if the person was not at fault…

The film “Boxing Helena” was the brainchild of 21 year old first time director Jennifer Lynch, daughter of famed director David Lynch.  On the heels of the rookie director Steven Soderbergh’s “Sex, Lies and Videotape”, an independent project that garnered tremendous critical and financial success in 1989, studios were seeking offbeat, low budget projects with…

By jurisprudence. comptrollers may be responsible for clients that hire them in assorted legal theories. including contract. fraud and carelessness. Accountant malpractice happened when he or she violates the responsibility of sensible attention. cognition. accomplishments and judgement that he or she is due to a client or to the Torahs to supply auditing and other…

Introduction According to Neethling a delict is an act of a person which in a wrongful and culpable (fault) way causes harm to another person. As can be construed from the definition of a delict culpableness or fault is one of the elements, which must be present for someone to have a successful delictual claim….

Reliability determines how consistently a measurement of skill or knowledge yields similar results under different conditions. Reliability is also known as a measurement of the internal consistency, stability of a measuring device. Reliability establishes how consistently a capacity of proficiency, comprehension concedes comparable consequences and fluctuating circumstances. If a quantity has a high reliability, it…

When the defendant is able to prove contributory negligence it usually bars the plaintiff from recovery. As a result of the barring from recovery, the view of this defense is deemed unfair in some cases. Most states prefer to determine the amount of damage by comparing the negligence of the plaintiff and the defendant. Comparative…