1. Teddy’s Supplies’ CEO has asked you to advise him on the facts of the case and your opinion of their potential liability. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy’s case that impact liability. Include your opinion of the "worst case" of damages the company may have to pay to Virginia. (Points : 30) Dear Sir‚ I believe
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THE LIMITED LIABILITY COMPANY A popular form of business‚ especially with small businesses‚ is the hybrid form of business‚ the limited liability company (LLC) or a limited liability partnership (LLP)‚ which combine the best features of a partnership and a corporation. In 1988‚ the Internal Revenue Service (IRS) ruled that the LLC may be treated as a partnership for tax purposes‚ while retaining its limited liability for its owners. Since this ruling‚ every state has passed legislation permitting
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Drivers Consider an Umbrella Liability Policy In our litigious society‚ you may want to have an extra layer of liability protection. That is what a personal umbrella liability policy provides. An umbrella policy kicks in when you reach the limit on the underlying liability coverage in a homeowners‚ renters‚ condo or auto policy. It will also cover you for things such as libel and slander. For about $150 to $300 per year you can buy a $1 million personal umbrella liability policy. The next million will
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Negligent Tort Deaundra Chatman BUS670: Legal Environment (MFH1446A) Instructor: Leah Westerman Date: January 15‚ 2015 Negligent Tort Manufacturing industries are in the business of making products for the consumer industry‚ products that supposed to be sustainable and have the potential to improve the lives of the people using them. In most cases‚ they get it right; they make a product that does not have any problems when it comes to using it. However‚ in some situations‚ there happens
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and of Texas’ newly reformed tort laws. Texas lawmakers unanimously passed a tort reform package in 2003 which topped noneconomic damages that a plaintiff could receive in medical malpractice at $250‚000. That became the negligence standard for emergency care. It also required an expert witness to substantiate evidence of negligence before a trial. Tort reform advocates approve the law as a way to reduce frivolous lawsuits against health care providers and organizations. Plaintiffs would be required
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Tort Law Lecture 1 Pre-lecture Lecture Preparation: Do the assigned readings before the lecture get most out of the lecture Know extracts of case know what happen Terminologies and definition Read ‘lecture outlines’ for reading assignments Review notes from previous lecture 5-10 minutes before lecture Read learning outcomes to understand lecture objectives Readings and lectures don’t perfectly overlap‚ do both Bring the book to each class For instructions on marking your book see
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Adams v Lindsell (1818) The defendant wrote to the claimant offering to sell them some wool and asking for a reply ’in the course of post’. The letter was delayed in the post. On receiving the letter the claimant posted a letter of acceptance the same day. However‚ due to the delay the defendant’s had assumed the claimant was not interested in the wool and sold it on to a third party. The claimant sued for breach of contract. Held: There was a valid contract which came in to existence the moment
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Negligence is a type of Tort law‚ which is a legal term that means criminal wrong‚ as opposed to a civil wrong‚ having mandatory duties for all citizens in that jurisdiction. In this law‚ the aims are deterrence‚ compensation and justice which can basically induce as protect people’s bodies and property in order to make people behave properly. Negligence placed an important role in tort law system. Apart from negligence‚ there are certain torts that specifically protect particular areas such as Defamation
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Racism Racism has been a problem in society since the beginning of time. Prejudging and discriminating against people because of race is wrong; however‚ it happens all of the time even to this day. The most extreme extent of racism was when Africans were enslaved all over the world for the sake of free labor. People were forced to plant and harvest crops‚ pick cotton‚ as well as other tasks while living in poor conditions. Families were separated and sold off as if individuals were objects
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LEGAL LIABILITIES OF SCHOOL ADMINISTRATORS This research paper deals with the legal liabilities of school administrators‚ primarily school board superintendents‚ principals and assistant principals to third parties. The emphasis is on the public schools through grade K-12. Traditionally‚ school board administrators were largely insulated under state law from liability. Since the 1970s‚ the liability exposure of school districts‚ school administrators and teachers has exponentially expanded
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