Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
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Doctrine: Limitations in Establishing Corporate Criminal Liability The identification doctrine is the traditional method by which companies are held liable under the principles of the common law. According to this theory‚ the solution for the problem of attributing the unlawful acts to a corporation for offences that require intention was to merge the identified individual with the corporation. For the purpose of establishing corporate liability‚ a company may be responsible for the wrongful acts of
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Amanda Fultz Mark Davis BUL 2131-43 8-19-2013 Liability for Agent’s Contracts You run a successful paper mill and send out your three best personnel to secure new wood pulp sources using due diligence and skill. Applying the agency principles outlined in this chapter‚ answer the following questions. Delilah‚ does not return with wood pulp‚ but brings back three contracts. Acting within the scope of her authority‚ she contracted
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Brief Overview of Limited Liability Companies Introduction Limited Liability Company (LLC) is often considered as the hybrids of general partnership and corporation. It often referred as a general partnership where the partners have no personal liability and a limited partnership where there is no general partner or a partnership surrounded by a corporate shell (Seipel‚ Tunnell & Zimmermann‚ 1995). The LLC is first adopted in Wyoming in 1977 and then in Florida in 1982. However‚ LLCs
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In Water’s ‘Fingersmith’ (2002) the reader is initially introduced to the main protagonists Sue and Maud through Sue’s prospective. Throughout the novel they become amoursly intertwined and their connection is strengthened by their physical lust for one another‚ bringing them together as one. The attraction between Sue and Maud is the central driving the plot of ‘Fingersmith’ serving one of the main sources of conflict as their ‘organs of fancy’ become inflamed. Water’s uses different perspectives
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The alternative liability theory is most often used when two or more tortfeasors simultaneously commit independent acts of negligence‚ but only one act causes the injury‚ the plaintiff is then relieved from the burden of proof with respect to causation‚ and may sue both tortfeasors without direct proof of causation. However‚ the burden thus shifts to the defendant to exculpate them. Otherwise‚ defendants will be held joint and severally liable. In addition‚ the alternative liability theory has a
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Professional Regulation and Criminal Liability July 16‚ 2015 HCS/430 Professional Regulation and Criminal Liability: Pharmacists A profession is “an occupation based on the mastery of a complex body of knowledge and skills. It is a vocation in which the practice of an art is used in the services of others” (Schmitz & Martin‚ 2008‚ p. 1). Belonging to a certain profession requires one to agree to demonstrate integrity‚ selflessness‚ competency as well as morality. This becomes the
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1. Answer the questions for the case “integrating McDonald ’s Business‚ Human Resource‚ and Staffing Strategies" page 49‚ Chapter 2. [ 15 Marks] Questions 1: How would you describe McDonald ’s business strategy? What are the foundations of its competitive advantage? Answer: McDonald’s business strategy is a specialization strategy. The organization is built on a foundation that gives it a competitive advantage and a business strategy that is consistent‚ flexible‚ and specialized. McDonald’s
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In numerous movies and stories you’ve seen‚ have you ever heard any of the characters say the cafeteria food has a rich‚ savory‚ and an appetizing look? Probably not. Cafeteria food lacks good quality and taste‚ and is probably one of the reasons why countless students don’t eat during lunch. Students always discuss what if they could change three things in their school’s lunch menu. They would probably have chocolate ice-cream‚ fried chicken or cake every day for lunch if they were given that option
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appropriate medications and councils patients regarding their medications. Occasionally‚ there are cases where pharmacists are held liable for negligence by dispensing improper dosage of medication prescribed by the doctor or may have written the wrong instructions to go with the medication. Being an important role in the health care industry‚ pharmacist negligence could cause a patient detrimental harm‚ such as; allergic reaction‚ sever health risks‚ or even death. Therefore‚ it is very important for
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