MODULE PROBLEM SET 2 Ryan Anderson‚ Erik Bare‚ Steven Kitchen‚ Daniel Stewart and Tamara Wogen Washington State University BA 503 Foundations In Business Law Kalvin N. Joshi‚ Esq.‚ J.D. NEGLIGENCE AND STRICT LIABILITY 1. What defense will Ragged Mountain probably assert? As the plaintiff voluntarily entered into a hazardous situation‚ aware of the inherent risk and danger involved‚ Ragged Mountain can assert the affirmative defense of assumption of risk
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total financial liabilities? Financial assets are converted in cash which include lands‚ building‚ and machinery. Financial liabilities includes loan from the bank and trade payables what company owes. Total financial assets are identical to total financial liabilities in the economy because the balance sheet is based on accounting equation. Total assets equal total liabilities plus equity in accounting equation. It means while a company’s assets increase‚ the company’s liabilities and equity will
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strict liability for some criminal offences? Strict liability offences are offences which do not require proof of mens rea. This means that the prosecution only needs to prove that the defendant voluntarily committed a forbidden act without considering if the defendant had the intention. Strict liability is contained in statutes or statutory instruments‚ and occasionally found in common law. Common law offences of strict liability include criminal libel and blasphemous libel. Also liability is rarely
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Discuss the issues surrounding accounting treatment for assets and liabilities under the accrual accounting for the government of Malaysia. There are a lot of issues relating accounting treatment for assets and liabilities under accrual accounting for the government of Malaysia. This essay will separate the issues regarding assets and liabilities in different paragraphs. Issues relating accounting treatment of assets One of the issue is that there are several assets that does not exist in private
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and Securities: A Focus on Auditor ’s Legal Liability and Due Care" "Bernard L. Madoff Investment and Securities: A Focus on Auditor ’s Legal Liability and Due Care" XNAMEXXX New England College Abstract Friehling & Horowitz were the auditing firm that "audited" Bernard Bernard L. Madoff Investment and Securities (BLMIS) for over 15 years‚ while Bernie Madoff ran a Ponzi scheme under their noses. This paper addresses the legal liability of Friehling & Horowitz and their lack of due
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LECTURE: VICARIOUS LIABILITY LIABILITY FOR INDEPENDENT CONTRACTORS A person hiring an independent contractor may be liable for the negligence of the independent contractor in carrying out extra-hazardous or dangerous operations where the activities were exceptionally dangerous whatever precautions were taken. Honeywill & Stein-v-Larkin Brothers [1934] 1 KB 191 Balfour-v-Barty-King [1957] 1 QB 496‚ [1957] 1 All ER 156 Biffa-v-Maschinenfabrik Ernste Hese [2008] EWCA Civ 1257‚ [2009] 3 WLR 324
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Directors: Qualification/disqualification‚ appointment‚ duties and liabilities of directors. Also‚ explain ‘independent directors’ and their responsibilities. Company law in Malaysia is governed by Companies Act 1965. This Act is modelled on English Companies Act 1948 and Australian Uniform Companies Act 1961. Therefore‚ references will be made to English and Australian cases for interpretation of the law on certain areas. In every company there are directors to manage and direct the company.
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A STUDY ON ASSET LIABILITY MANAGEMENT AFFECTING THE FINANCIAL PERFORMANCE‚ WITH REFERENCE TO KSE LIMITED‚ IRINJALAKUDA PROJECT REPORT Submitted in partial fulfillment of the requirement for the award of the Degree of BACHELOR OF BUSINESS ADMINISTRATION University of Calicut By RIYAS. Y Reg. No. GTAIBBAR09 UNDER THE GUIDANCE OF SRI. S.V. RAJKUMAR DEPARTMENT OF COMMERCE AND MANAGEMENT STUDIES SRI C. ACHUTHA MENON GOVERNMENT COLLEGE‚ THRISSUR 2010 - 2011 DEPARTMENT OF COMMERCE
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New Orleans‚ the most powerful port on the Mississippi River‚ was first inhabited by Indians‚ explored and settled by the French‚ ruled by the Spanish for over forty years‚ regained by the French‚ and later sold‚ in the Louisiana Purchase‚ to the United States. Whoever controlled this influential port also controlled the Mississippi River‚ and the United States wanted and needed it. After years of negotiations‚ talks of war‚ and treaties‚ the Americans bought the entire Louisiana Purchase‚ a territory
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Word count: 1099 December 4‚ 2013 Critically evaluate‚ in relation to the common law duty of care‚ the liability of employers for references. How‚ if at all‚ does the liability of a university (such as the University of Sussex) differ regarding references given to potential employers in respect of current (or former) students. Employers have a certain degree of liability when making statements in a former employee’s reference. Employees and employers have a duty of care‚ to provide
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