After reading Civil Liability for Acts of Off-Duty Officers‚ I’ve come to the realization that there are many possibilities and outcomes dependent upon the situations off-duty officers put themselves into. When off-duty officers act upon situations that they would normally face when on duty‚ they are fully liable for the decisions they make. In this specific event‚ as an off-duty officer‚ I witnessed a man and a woman arguing where the man then pushed the woman‚ and I‚ the officer decided to intervene
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ERM and Product Liability Tort LAW 531/Business Law ERM and Product Liability Tort The product liability video scenario presents a dispute between Quick Takes Video and Non-Linear Pro. Non-Linear Pro leased a video editing system to Quick Takes Video. It is the opinion of Quick Takes Video that the editing system is not performing as promised. Since it appears that Non-Linear Pro has misrepresented the quality of the product‚ Quick Takes Video can bring a lawsuit to Non-Linear Pro for breach
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Print Fax TEXAS LIABILITY INSURANCE CARD Policy Number: 44054747 ROCIO L ROMERO 9230 LINDA VISTA RD HOUSTON‚ TX 77078-4022 Year Make 2003 HYUNDAI ***** ************ ***** ************ 09/05/2014 Expiration Date: 02/11/2015 NAIC Number: 24392 Effective Date: Model VIN ACCENT 2D GL ****************** ****************** FARMERS TEXAS COUNTY MUTUAL INSURANCE COMPANY KMHCG35C73U241737 ******************** ******************** 1-800-225-0011 This policy provides at least the minimum amounts
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BankChapter 13 - Property‚ Plant‚ and Equipment: Depreciation and Depletion Chapter 13 Property‚ Plant‚ and Equipment: Depreciation and Depletion True / False Questions 1. The auditors’ approach to the audit of property‚ plant‚ and equipment largely results from the fact that relatively few transactions occur. True False 2. A major control procedure related to plant and equipment is a budget for depreciation. True False 3. Evidence of continued ownership of property is obtained by vouching
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When it comes down to the basics strict liability actions and negligence actions go hand and hand. When the elements and defenses come into play the actions may differ‚ however‚ where one might not apply the other might apply depending on the extent of care taken by the tortfeasor. Negligence is defined as the failure to exercise reasonable care to avoid injuring others or the property belonging to others. This would be if somebody does not exercise the amount of care that a reasonable careful
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CASH Risks • Cash transactions may not be recorded accurately • Cash may not exist Steps 1. Confirm selected bank accounts and special arrangements Select bank accounts for confirmation in order to obtain a moderate to low level of assurance that the aforementioned audit objectives are achieved. Bank confirmations should be sent to all banking relationships to identify accounts not included in the general ledger. Confirmation requests should be sent under our control and‚
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Long Term Liabilities – Bonds MULTIPLE CHOICE QUESTIONS EXERCISE 1. From the standpoint of the issuing company‚ a disadvantage of using bonds as a means of long-term financing is that a. bond interest is deductible for tax purposes. b. interest must be paid on a periodic basis regardless of earnings. c. income to stockholders may increase as a result of trading on the equity. d. the bondholders do not have voting rights. 2. If a corporation issued $3‚000‚000 in bonds which pay 5% annual interest
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Week Two Learning Team Reflection on Personal Liability Law/531 October 2‚ 2012 Week Two Learning Team Reflection on Personal Liability Benefits to Commerce Team C colleagues decided on the following opinions in respect to the advantages of commerce using shareholders and other entities for protection against personal liability losses. Commerce is the buying and selling of goods or services within cities‚ states‚ and globally. The legal structure of a business will establish the liable
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attaining the majority or knowledge of admission to the benefits of partnership firm. When the minor fails to give such notice within a period of six months‚ automatically he becomes a partner at the end of six months. The minors are having some liabilities after becoming a partner on attaining majority and he becomes personally liable for all the acts of the firm done since the date of his admission. Moreover‚ he can impliedly ratify the acts of the firm done during his minority. When it comes to
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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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