Outline the duty of care owned by an occupier to visitors defined in the Occupier’s Liability Act 1995 Under the traditional common law system entrants upon a premises were divided into the following four categories: Contractual invitees Invitees Licensees Trespassers Under the Occupier’s Liability Act 1995 three new categories were created; visitors‚ recreational users‚ trespassers. A visitor according to the act was: An entrant of right An entrant other than
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Business Entities‚ Laws‚ and Regulations Paper Tia London-White BUS 415 May 23‚ 2011 Pamela Weddell Business Entities‚ Laws‚ and Regulations Paper Extermination Business: The best business entity for Frank would be a franchise. A franchise is established when a franchisor‚ Frank‚ licenses another party to use their trade name‚ trademarks‚ commercial symbols‚ patents‚ copyrights‚ and other property while supplying and selling their goods and services (Cheeseman‚ 2011). Frank should enter
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CHAPTER 2: REGULATION IN FINANCIAL ACCOUNTING Chapter 2 regulation in Financial accounting LEARNING OUTCOMES Upon completion of this chapter you should be able to understand: • The difference between management and financial accounting. • Why accounting regulations are important and required. • The need for and the structure of professional regulation‚ company law‚ stock exchange legislation and EU Directives. • How the different aspects of regulation work together
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Loya‚ Ruby 11/6/12 Ruby’s Self Regulation Ruby doesn’t strive for perfection‚ she strives for her best. One out of five times ruby will have perfection; four out of five times ruby will have her best. Mark Victor Hansen says “Don’t wait until everything is just right. It will never be perfect. There will always be challenges‚ obstacles and less than perfect conditions. So what‚ get started now with each step you take you will grow stronger and stronger‚ more and more skilled‚ more and more
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Liability Exposure in Business Joshua Houghton Ashford University BUS670 Legal Environment Professor Janet Fiorentino February 17th‚ 2013 Liability Exposure in Business Creation of a business of any type has to fall under a particular organizational form. There are many elements to starting a business a future proprietor should consider‚ such as degree of forms and applications that need to be filed‚ state and federal‚ legal liabilities‚ level of difficulty in the formation of a business
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management of infants born too early or have difficulty within the first 30 days of life. In this unit the infants are care for by and managed by neonatologist who are RN’s who uptained special training just for these infants. In the unit on hand is a nurse practitioner‚ inconjunction with a local pediatrician. The neonatologist will be the ones primarily responsible for monitoring the babies closely‚ taking vital signs and measurements‚ obtaining blood specimens as needed‚ and provide teaching to the
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Distinguish between a liability and a environmental liability. Is there any difference in the principle? A liability is a present obligation of the enterprise arising from the past events‚ the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits whereas An environmental liability is an obligation to pay future expenditures to remedy environmental damage that has occurred because of past events or transactions‚ or to compensate a
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Exceptions Children: When it comes to occupier’s liability there are some exceptions. The law on children says ‘ an occupier must be prepared for children to be less careful than adults’. For instance in the Pearson V Coleman Bros (1948) a 7 year old girl went to the circus with her family. She wandered of to go to the toilets instead she ended up in the animal enclosure and was attacked by a lion. We could argue the law of occupiers liability doesn’t cover the the child as went into a private
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Limited Liability Personal Definition: In the event a liability arises‚ limited liability prohibits the available assets to only the business entity itself. Essentially‚ the investor cannot lose more than he or she puts in. This protects the individuals working for the entity on a personal level. Nobody can attack his or her personal assets‚ unless the individual exhibits some form of activity that qualifies for piercing the corporate veil. Investopedia Definition: A type of liability that does
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International Accounting Standards Board (IASB)‚ for reporting periods commencing on or after 1 January 2005. The introduction of IFRS in Australia replaced the existing accounting standards in relation to the recognition and measurement of assets‚ liabilities‚ equity‚ revenue and expenses (Haswell& Langfield-Smith 2008‚ pp46-47). IFRS are currently used in many parts of the world‚ however‚ Australia was the first country with a tradition of its own standard-setting to embrace international accounting
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