Running Head: Strict Liability Torts Strict Liability Torts (Product Liability) Adil Elatillah LEG 300 Professor: Queen Meheux Spring 2012 Strayer University Strict Liability exists in the criminal context as well as civil‚ it is a legal responsibility for any damages and losses caused by a person or organization due to the act which is defined a fault in the criminal law term. Strict Liability‚ especially product liability is well known in tort law‚ of course criminal law and the
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worthwhile‚ the expected return on capital must be greater than the cost of capital. The cost of capital is the rate of return that capital could be expected to earn in an alternative investment of equivalent risk. If a project is of similar risk to a company’s average business activities it is reasonable to use the company’s average cost of capital as a basis for the evaluation. A company’s securities typically include both debt and equity‚ one must therefore calculate both the cost of debt and the cost
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age of endless lawsuits and litigation from everyone suing everyone else‚ one must ask the question "where does product liability end and consumer responsibility begin?" This question has been further complicated by occurrences that stretch to the most far-reaching ends of this spectrum‚ the spectrum ranging from strict product liability of the company to complete consumer responsibility. On the strict product liability of the company side‚ we have the cigarette industry where the CEOs of the largest
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1. Introduction “Vicarious” means‚ “in place of another”. Although we are generally only liable for our own wrongful actions in certain circumstances a person who is not at fault can be held liable for the delict of another. This usually occurs in partnership‚ agency‚ motor car accidents and employment‚ these are instances where there is a special relationship between the person held accountable and the person who committed the delict which provides allows for the former to incur the liabilty.
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One Hundred Years of Solitude Jose Arcadio Buendia is forced to kill a man who insulted his wife Ursula and is forced to move away from his town. The murder will chase him for one hundred years as a curse‚ though. He’s scared of this‚ nevertheless he goes through fantastic lands and jungles until he spots a new place to establish and found Macondo. Macondo turns into a place for merchant gypsies to arrive and bring the most recent ’discoveries’ such as ice and magnet. One of them‚ Melquiades
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OCCUPIERS LIABILITY The occupancy of premises is affected by two statues: 1) The occupier’s liability act 1957. Under this act there is a duty to keep safe and lawful visitors to the premises 2) The occupier’s liability act 1984. Where an occupier may owe a duty to protect trespassers onto the premises. LAWFUL VISITORS A lawful visitor has permission to enter premises. This can be expressed permission of implied. There are four situations covering implied permissions: 1) If the occupier
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two principles of criminal liability which have to be relied upon in order to determine the guilt or innocence of the accused person. Therefore the aim of this essay is to discuss the two principles of law for criminal liability with reference to the Penal Code Act‚ Chapter Eighty Seven (87) of the Laws of Zambia and Zambian decided cases. In order to effectively do this‚ the essay will begin by generally talking about the two principles of law for criminal liability which are the “Actus reus”
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Explain the legal procedure of showing Dan’s legal liabilities. This Essay will outline the legal procedure surrounding Dan‚ who is on trial for the attempted murder of his girlfriend‚ from the moment a neighbor reported the crime to the police. It will detail the time from the process of this report up to the end of his trial. The first step will be the investigation of the reported offence undertaken by a non legally qualified body‚ the Police. The Police will question the witness‚ Mrs Smith
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Politically Correct to a Fault For the first time in our history‚ Americans have to be fearful of what they say‚ of what they write‚ and of what they think. There is an importance of using politically correct statements to address the diverse population. They have to be afraid of using the wrong word‚ a word denounced as offensive or insensitive‚ or racist‚ sexist‚ or homophobic. (Lind) The First Amendment is not supporting the theory of free speech currently because everyone from authority figures
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Restructuring Debt Part A Company A is in financial trouble. The company is reorganizing its processes and is looking to restructure its debt. Debt restructure is a mutual agreement between a financially troubled company and this company’s creditor‚ the bank. This process will reorganize the liabilities to prevent foreclosure or even asset liquidation (Business Dictionary‚ 2012). The liabilities under consideration for Company A are its capital lease obligations‚ notes outstanding liability‚ and mortgage
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