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 liability - Definition 

Liability (2281 bytes)
1: In the most general sense, a '''liability''' is anything that is a hinderance, or puts one ...
4: ...wn. The basic accounting equation relates assets, liability, and capital (or equity) thus:
13: ...le]] to pay compensation for any damage incurred; liability may be [[civil law|civil]] or [[criminal]].
15: ... business goes [[bankrupt]] an owner with limited liability will not lose unrelated assets such as a personal...
19: ...e money). The money is both an asset to you and a liability to the bank.

Current liability (728 bytes)
5: ...e over a term exceeding one year would be [[fixed liability|fixed liabilities]]. However the payments due in...

Moral liability (317 bytes)
1: ...uish situations in which there is also no [[legal liability]] for the action concerned.
4: *[[Liability]]

Strict liability (2170 bytes)
1: '''Strict liability''' is a legal doctrine in [[tort]] law that makes...
2: ... possible precautions are valid defenses. Strict liability often applies to those engaged in hazardous or in...
4: A classic example of strict liability is the owner of a [[tiger]] rehabilitation center...
6: The law imputes strict liability to situations that it considers to be inherently ...
10: [[Defamation]] is a strict liability [[tort]] in many [[common law]] jurisdictions lik...

Product liability (5021 bytes)
1: ... widely from state to state. Each type of product liability claim requires different elements to be proven to...
3: == Product liability and negligence ==
5: ... of newer product liability claims such as strict liability.
7: == Product liability and strict liability ==
9: ...y dangerous. Similar to negligence claims, strict liability claims may attack a product's design, manufacture...

Vicarious liability (810 bytes)
3: Vicarious Liability
5: ...ly authorised by the employer. To avoid vicarious liability, an employer must demonstrate either that the emp...
7: VICARIOUS LIABILITY - When one person is liable for the negligent act...

Limited liability (835 bytes)
2: '''Limited liability''' (LL) means that a [[shareholder]] cannot lose ...
4: Simply, limited liability is a safeguard against a shareholder by protectin...
10: *[[Limited liability company]]
11: *[[Limited liability partnership]]

Liability insurance (84 bytes)
1: ...|url=http://www.mostchoice.com/business_insurance_liability_overview.html}}

Strict liability crimes (625 bytes)
1: '''Strict liability crimes''' are offenses against the state ([[crime...
3: The most common strict liability crimes in the [[United States]] are traffic offen...

Limited liability partnership (995 bytes)
3: ... The doctrine of [[limited liability]] means that liability for debts extends to the individual's investment ...
5: Note: "Limited liability partnership" has different detailed legal implica...
8: ...lity partnership]] (LLP) differs from a [[limited liability company]] (LLC)

Limited liability company (2652 bytes)
1: A '''Limited liability company''' (denoted by '''L.L.C.''' or '''LLC''')...
5: ...hip]] structure within the framework of [[limited liability]], such as that granted to corporations. Another ...
8: ... liability company (LLC) differs from a [[limited liability partnership]] (LLP) in that the LLP has the organ...
15: * Limited liability
21: ...ay be wary of submitting funds to an entity whose liability is limited

Online Copyright Infringement Liability Limitation Act (31147 bytes)
1: The '''Online Copyright Infringement Liability Limitation Act''' ('''OCILLA'''), a portion of th...
10: * new protection from liability to its own customers as a result of a decision to...
12: ...ing the protection against copyright infringement liability provided by the [[Communications Decency Act]] (C...
76: ...usiness computer connected to the internet. Legal liability may result if access to material is disabled or i...
83: ...er notification procedures, it is safe from legal liability to its own customer as a result of taking down th...

Deferred (272 bytes)
3: ...endent on type of deferral, as either an asset or liability.

Trading whilst insolvent (1575 bytes)
1: ...ecifically the ''Insolvency Act 1986'', a limited liability company is held to be '''trading whilst insolvent...
8: *liability arising from trading after they ought to have rea...
9: *liability where they have benefited from a transaction at a...
10: *liability resulting from fraudulent trading.
12: ...e personally liable for the company's debts. This liability will only be for the debts themselves, rather tha...

Software engineering legal (951 bytes)
15: ...s at odds with more established industries, where liability is explicitly held by the perveyors.

Medallion Signature Guarantee (517 bytes)
1: ...possible [[investor]] losses. They also limit the liability of the transfer agent who accepts the certificate...

Defense (legal) (1057 bytes)
1: ...fenses''' (or '''defences''') in order to avoid [[liability]], civil or criminal.
12: ...fendant should not be held [[crime|criminally]] [[liability|liable]] for said act.
16: ...irmative defenses are presented to limit or avoid liability, they are numerous and include:

Montreal Convention (662 bytes)
1: ...zenship, and requires all air carriers to carry [[liability]] [[insurance]].

Partnership (2021 bytes)
3: ...ral liability]] depending upon circumstances. The liability of '''limited partners''' is limited to their inv...
13: *[[Limited liability partnership]] (LLP)

Concurrence (497 bytes)
1: ...no crime has occurred; except in crimes of strict liability.

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "liability".