Distinguish between a liability and a environmental liability. Is there any difference in the principle? A liability is a present obligation of the enterprise arising from the past events‚ the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits whereas An environmental liability is an obligation to pay future expenditures to remedy environmental damage that has occurred because of past events or transactions‚ or to compensate a
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Limited Liability Corporation and Partnership Paper FIN/419 Limited Liability Corporation and Partnership Paper A basic idea starts every business. When starting a business‚ a decision has to be made as to what form of business entity needs to be established. Protection and capitalization of the business must also be established‚ with the most basic question being what type of entity should be used when moving forward with the business. There are many different factors that have to be
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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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Why did so many Europeans collaborate with the Nazi occupiers? As the dust settled in Europe‚ collaborators were hung‚ sent running naked down the streets or imprisoned‚ while the resistance set out to define post-war Europe. The illusion of a clear distinction between Hitler’s henchmen and enemies shaped the psychology‚ language and power structures that are still present today. Collaboration and resistance‚ as categories of human behaviour‚ gained their historical relevance from the weight
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Limited Liability Corporation and Partnership In the United States‚ limited liability companies increased rapidly throughout the past 10 years. These structures permit businesses to decrease federal tax liabilities by federal pass-through provisions (Bean & Bilyeu‚ 1997). Limited liability can apply to any non-corporate business‚ in any state‚ and provides characteristics of a corporation and a partnership. Individual states regulate the operations of the LLCs. However‚ companies with limited
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Product Liability Law Outline I. Introduction Imagine getting the same old dog or cat food for your pet that you always get and all of a sudden your pet gets sick and dies. Is this a case that can be filed against the business you bought the food from‚ the company that made the food‚ or both? Should companies be held accountable to a higher degree? II. Definition of Product Liability Business Law: The Ethical‚ Global‚ and E-Commerce Environment
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Table of Contents Introduction Accountants’ Liability to the Client and Third-Party A) Breach of Contract B) Ordinary Negligence (Accountant Malpractice) C) Fraud a. Constructive Fraud (Gross Negligence) b. Actual Fraud Accountants’ Liability under Common Law for Third-Party A) The Near-Privity Doctrine B) The Restatement Doctrine C) The Foreseeability Doctrine D) The Balancing-Factors Doctrine Accountants’ Liability under Statutory Law Third-Party A) Securities Act of 1933 B) Securities
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someone in peril‚ only where there is a certain relationship established. Using case law and legal principles an attempt to justify such a duty in today’s society shall be considered. In considering its merits and drawbacks‚ with reasoned opinion‚ this essay shall conclude whether the UK criminal law should impose such a duty. In UK law it is an offence to fail to take reasonable steps to assist another person in peril in certain situations. Such duties as those arising from contract (R.v Pitwood [1902])
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Strict Liability Amanda Self BA265 Business Law II Abstract While shopping at Carl’s Hardware Store he was injured by a nail gun that Dan‚ an employee was using. When he noticed that the nail gun was assembled improperly he decided to sue the manufacture of the product‚ Eagle Tools Inc. Under strict liability‚ the manufacture has a liability to make sure that all the products that they sell are in working and safe conditions. While this product fits the requirements that strict liability covers
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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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