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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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