#3: Evaluate the concept of strict liability. Strict liability is the legal responsibility levied on a person or company for certain damages or injury even if they were not at fault. Strict liability can even apply even if the person or company did not physically commit any act to cause the actual injury. Corporations can be held liable for the defects of their product even if they did not know about the problem or harm it could cause. Corporations could not only be held responsible
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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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* 1. Company’: Maruti Suzuki India Limited (MSIL‚ formerly known as Maruti UdyogLimited) is a subsidiary of Suzuki Motor Corporation‚ Japan. MSIL has been the leader ofthe Indian car market for over two and a half decades. The company has twomanufacturing facilities located at Gurgaon and Manesar‚ south of New Delhi‚ India. Boththe facilities have a combined capability to produce over a 1.2 million (1‚200‚000) vehiclesannually.Maruti Udyog Limited (MUL)‚INDIA’s finest and Asia’s largest automobile
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Periwinkle Pty Limited Case Study A Fringe Benefit is a form of pay that employees pay employees by providing the employee to enjoy certain privileges. Providing a company car for the employee to use is a commonly used fringe benefit that is made available for management and field work workers. Also‚ the company can decide to offer cheaper prices for its employees by availing the services and products to the employees. This allows the employee to access the products of the company at a price that
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industry‚ Hotels(exclusive franchise in India of two brands owned by Sheraton International Inc)‚ Paperboards & Specialty Papers‚ Packaging‚ Agri-Business and Information Technology. It is rapidly gaining market share even in its nascent businesses of Packaged Foods & Confectionery‚ Branded Apparel‚ Personal Care and Stationery. Competitive Positioning and Strategy ITC Limited is competitively positioned owing to its brand strength‚ pricing power‚ and the addictive nature of its core product.
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North South University School of Business MGT 210 Section: 13 Project on Maksons Spinning Mills Limited Submission Date: Submitted to: 07.08.2011 Shahid Hossain (ShH) Senior Lecturer School of Business North South University Table of Content |No. |Topic
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effectively together in accomplishing objectives." * According to Mooney and Railey‚ "Organization is the form of every human association for the attainment of a common purpose." 1.2 INTRODUCTION TO COMPANY HISTORY OF MADRAS CEMENTS LIMITED Madras Cements (MCL) was established in 1957‚ is
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Chapter 11 Current Liabilities and Payroll Questions 1. A current liability is one that is payable within the coming year or within the company’s normal operating cycle if longer than a year. All other liabilities are long-term. A contingent liability is a potential liability that depends on a future event arising out of past events. The future event will determine the amount and existence of the liability. A contingent liability may or may not become an actual obligation. 2. The company reports
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Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively‚ whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified. Current
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Viramgam Mahesana Project Limited Instrument Term loans Amount Rs 32.58 crore 1 Rating action [ICRA]A+(SO) (stable) reassigned ICRA has reassigned the long term rating for the 32.58 crore term loans of Viramgam Mahesana Project Limited (VMPL) from [ICRA]A+ (pronounced ICRA A plus) to [ICRA]A+(SO) (pronounced ICRA A plus † Structured Obligation) .The letter SO in parenthesis suffixed to a rating symbol stands for Structured Obligation. An SO rating is specific to the rated issue‚ its terms
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