Madison‚ the characterization of Jeffersonian Republicans as strict constructionists and Federalists as loose constructionists was generally true for the most part. While both Presidents were Democratic-Republicans and often adopted a strict constructionist view‚ there were several exceptions in which they or other Republicans adopted a loose constructionist view. The same goes for the Federalists‚ who had several examples of them adopting a strict constructionist view. During the time of the Jefferson
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Running head: MANAGING CURRENT LIABILITIES Managing Current Liabilities: The Great Balancing Act 06/26/2011 One of the most crucial steps in running a major corporation is ensuring that the balance sheet truly reflects the viability of the company. If investors feel that a firm holds too much debt reflecting in poor financial ratios‚ their stock price may become depressed resulting in angry shareholders. Therefore‚ why do companies engage in leveraging activities and worry about contingencies
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Application: The question is did Newburn get put under duress by Treadwell Ford when he signed the general release to get his truck back? After Newburn signed the general release the truck broke down again for a second time‚ this caused Newburn to lose enough income causing him not to be able to make the payments on his truck‚ the bank then repossessed Newburns truck. We can make the assumption Newburns truck broke down because of the amount of the mileage error since he is suing Treadwell. Duress
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Contingent liabilities are possible future liabilities that will only become certain on the occurrence of some future events. A contingent liability is less certain than a provision‚ the latter is expected to recognize; however‚ a contingent liability might occur. An entity shall not recognize a contingent liability; nevertheless‚ the company should disclose it‚ as required by paragraph 86‚ unless the possibility of an outflow of resources embodying economic benefits is remote. Where an entity
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does the law justify imposing strict liability for some criminal offences? ‘actus non facit nise men sit rea’ means an act alone cannot constitute guilt without the proof of a guilty mind‚ for most criminal cases. Strict Liability is the legal responsibility for injury or damages even if the person was not at fault or negligent; this contradicts the above Latin maxim as it places sole responsibility upon a defendant without the proof of ‘mens rea.’ Strict liability is a topic that has both its pros
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August 7‚ 2009 Criminal Law- 2 Essay on Strict Liability Crimes Having no element for Mens Rea‚ consequently permits punishment on those that may be blameless to a crime. With that fact‚ there is definitely a wide range of controversial pro’s and con’s. I personally am unbiased either way regarding this topic‚ for any and all concerns I feel are legitimate. What I will set forth here is unbiased opinion and facts to all pro’s
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ARTICLE #19 Vicarious Liability: What Is It and How Does It Apply? From Coverys Risk Management (Tracy L. Melina‚ BS‚ MBA‚ CPHRM) In healthcare‚ there are two main categories of liability: primary and secondary. And while most physicians and other clinicians are constantly aware of how their own actions and decisions affect risk and safety‚ it’s easy to forget about the type of secondary liability known as “vicarious liability” because this type of liability applies when adverse outcomes result
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creates harm should make things right by compensating those harmed II. Classification of Torts * In the US‚ torts are classified as intentional‚ negligent‚ or strict liability. * Negligent Torts occur when the defendant acts in a way that subjects other people to an unreasonable risk of harm * Strict-Liability Torts occur when the defendant takes an action that is inherently dangerous and cannot ever be undertaken safely‚ no matter what precautions the defendant takes
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in the business of receiving deposits (liabilities) and to issue debt securities on one hand and create or invest in assets on the other hand during these transactions banks incur costs for their liabilities and earn income from their assets. Asset – liability management is therefore very critical for the sound management of the finances of any organisation that invests to meet its future cash flow needs and capital requirements. An efficient asset-liability management requires maximising the bank’s
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Florida A&M University School of Business and Industry The Ethical and Legal Issues of Product Liability Courtney Jordan April 18‚ 2015 BUL 5323: Legal Issues and Environment Introduction Product liability refers to a manufacturer or seller being held liable for placing a defective product into the hands of a consumer. Responsibility for a product defect that causes injury lies with all sellers of the product who are in the distribution chain. This includes the manufacturer of component parts
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