Additionally‚ vicarious liability extends to individual partners as well‚ regardless of their individual culpability. The latter principle of spinoff liability is‚ naturally‚ highly detested among members of the partnership‚ in particular members of professional service firms. Intriguingly‚ the principle of vicarious liability has over time attracted different justifications‚ each with its own strengths and weaknesses. In the context of a partnership‚ two forms of vicarious liability are substantial: the
Premium Ethics Business ethics Morality
CHAPTER 6 ASSET-LIABILITY MANAGEMENT: DETERMINING AND MEASURING INTEREST RATES AND CONTROLLING INTEREST-SENSITIVE AND DURATION GAPS Goals of This Chapter: The purpose of this chapter is to explore the options bankers have today for dealing with risk – especially the risk of loss due to changing interest rates – and to see how a bank’s management can coordinate the management of its assets with the management of its liabilities in order to achieve the institution’s goals. Key Topic In This Chapter
Premium Interest Interest rate Asset
Multiple choice Ch13 Liabilities TRUE-FALSE—Conceptual 1. A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized. 2. Dividends in arrears on cumulative preferred stock should be recorded as a current liability. 3. Magazine subscriptions and airline ticket sales both result in unearned revenues. 4. Discount on Notes Payable is a contra account to Notes Payable on the balance sheet. 5. All long-term
Premium Balance sheet
Liabilities & Financial Analysis Discuss current liabilities and long-term liabilities. What are the differences between the two? Illustrate your understanding of liabilities‚ making sure to identify major types of current liabilities. Respond to at least two of your classmates’ posts. Current liability is a debt that a company expects to pay from existing current assets or through the creation of other current liabilities and within one year or the operating cycle‚ whichever is longer;
Premium Generally Accepted Accounting Principles Balance sheet Revenue
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
Premium Costs Cost Investment
Loose/Strict Constructionist DBQ By both definition and widespread perception the Jeffersonian-Republicans were strict constructionists‚ meaning they closely followed the framework of the Constitution. On the other hand‚ the belief was that Federalists‚ who thought the Constitution was open for interpretation‚ were loose constructionists. Although both the presidencies of Thomas Jefferson and James Madison (Democratic-Republicans) mainly supported these theories‚ they‚ like other politicians of
Premium Thomas Jefferson United States President of the United States
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
Premium Hazardous waste United States Environmental Protection Agency Law
LEGAL WRITING: Using “IRAC” I. INTRODUCTION This handout sets out the basic paradigm‚ or organizational structure‚ of predictive legal analysis‚ referred to throughout this course as “IRAC.”1 IRAC is a general analytical paradigm; as you gain experience in your legal writing‚ you will be able to modify this paradigm to fit a particular legal issue. Once you understand the IRAC structure and are able to use it fluently‚ you can decide when it might be appropriate to modify the IRAC paradigm in a particular
Premium Law
but not all of them are efficient. Even though‚ every parent will say their way of raising their child is the best. For example‚ the overly strict parent would scowl upon the way the more lenient parent let’s their child stay out later. But both‚ the strict and lenient parent‚ may or may not realize their effect on the child’s development. The overly strict parent is holding their child back from experiencing the real world and not letting them make their own decisions.
Premium Parent Childhood Parenting
In Liability‚ by Lorde develops the central conflict when you cause damage it’s your fault by using "Says he made the big mistake of dancing in my storm. Say it’s poison." But most of all maybe the breakup was her fault. She might’ve caused the problem because she’s famous which probably caused her to not spend enough time with her boyfriend. Lorde uses a metaphor to describe how her relationship was like in the past. (FIX) In fact‚ in Verse 1 she says‚ "I do my best to meet her standards
Premium