decided a number of cases dealing with liability for injuries that occurred on the property of the defendant involving two different parties. On the basis of the premise liability claim‚ our client has a case against the hotel. The premise liability claim is based on common law principles of negligence and derives from an establishment’s lack of supervision‚ care‚ or control of the premises. RESTATMENT (SECOND) OF TORTS §344 (1965). According to the premise liability claim‚ a tavern owner has a duty to
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LEGAL LIABILITIES OF SCHOOL ADMINISTRATORS This research paper deals with the legal liabilities of school administrators‚ primarily school board superintendents‚ principals and assistant principals to third parties. The emphasis is on the public schools through grade K-12. Traditionally‚ school board administrators were largely insulated under state law from liability. Since the 1970s‚ the liability exposure of school districts‚ school administrators and teachers has exponentially expanded
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Contracts‚ Torts and Product Liability Name Institution Chapters 6 and 7 of John McAdams book are on contracts‚ business torts‚ and product liability respectively. In order to understand these chapters fully‚ I will provide an appropriate case and the court’s ruling due to the influence of factors discussed in these two chapters. Before I discuss this case‚ an introduction on the keywords in these chapters in relation to business law is necessary. A contract is a binding legal
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CHAPTER 6: ACCOUNTING FOR GENERAL LONG-TERM LIABILITIES AND DEBT SERVICE OUTLINE Number Topic Type/Task Status (re: 12/e) Questions: 6-1 Reasons for general long-term liabilities Explain 6-2 6-2 Disclosures of types and changes in liabilities Explain 6-6 6-3 General obligation bonds Describe 6-3 6-4 GO Bonds and enterprise funds Explain 6-5 6-5 Debt margin Explain 6-7 6-6 Purpose of debt service funds Explain 6-8 6-7 Number of debt service funds Explain 6-11 6-8 Year end balance
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While completing undergraduate school work in information systems‚ Dallin Bourne and Michael Banks decided to start a business called ISys Answers which was a technology support company. During year 1‚ they bought the following assets and incurred the following fees at start-up: Year 1 Assets Purchase Date Basis Computers (5-year) October 30‚ Y1 $15‚000 Office equipment (7-year) October 30‚ Y1 $10‚000 Furniture (7-year) October 30‚ Y1 $3‚000 Start-up costs October 30‚ Y1 $17‚000 In April of year
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International Responsibility and Liability 1. Responsibility of States 2. Responsibility of International Organizations 3. International Liability 1. Responsibility of States 1.1 General Works In addition to chapters on responsibility of principal textbooks on international law‚ the following works specialized in responsibility are useful. D. Anzilotti‚ “La responsabilité internationale des Etats à raison des dommages soufferts par des étrangers‚ RGDIP‚ t.13 (1906)‚ pp.5-29. R. Ago‚ “Le
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structure holding companies usually have control and influence over subsidiaries. Limited liability on the other hand‚ is the logical consequence of the existence of a separate legal entity or generally‚ the concept simply means that since the company is different from the shareholders‚ the members are only liable for the amount unpaid or their shares and not for the debts of the company When limited liability is easily and cheaply available can be explained as removing unnecessary legal bars which
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Florida A&M University School of Business and Industry The Ethical and Legal Issues of Product Liability Courtney Jordan April 18‚ 2015 BUL 5323: Legal Issues and Environment Introduction Product liability refers to a manufacturer or seller being held liable for placing a defective product into the hands of a consumer. Responsibility for a product defect that causes injury lies with all sellers of the product who are in the distribution chain. This includes the manufacturer of component parts
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Strict Liability for Defective Products - Part X of the CPA 1999 Section 68(1) provides that where any damage is caused wholly or partly by a defect product‚ the following persons shall be liable for the damage. The plaintiff only has to prove damage or defect in the product. Part X of CPA does not cover every product. Section 66 provides types of product such as goods and component parts and raw materials. Section 3 provides definition of goods. Only the goods which are purchased for private and
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Assignment Topic: Marketing of Bank’s Liability products Subject: Marketing Management – I Ankita Roy 11DM008 Neha Saha 11DM018 P.Santhosh 11DM028 Siddarth Singh 11DM038 Anirban Dhar 11DM048 Debabrata Subudhi 11DM058 Marketing of Liability Products Introduction; Commercial banks offers a varieties of product to the customers‚ these products are known as ‘’liability product” because they represent liability of the bank. Consumer generally know them as “deposit product”. There are number
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