acting; would certain circumstances be a benchmark as to what was a reasonable step to take? Or would the death or severe harm that came to the person in peril define whether the bystander had failed to take reasonable steps. Imposing criminal liability for offences of commission by omission is quite a modern approach to criminal justice. Such a law would hope to yield a socially conscientious society‚ whereby one did think of their neighbour and did not simply ‘look out for themselves’. Individual
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Contractual and Non-contractual Liability I. Contract A contract is an agreement having a lawful object entered into voluntarily by two or more parties‚ each of whom intends to create one or more legal obligations between them. The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchange "consideration" to create "mutuality of obligation." Contracts may be bilateral or unilateral. A bilateral contract is an agreement in which each of the
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1. Importance of Donoghue v Stevenson Case The case established 3 things The case established negligence as a wrongful act for which there was a legal liability. The notion of duty of care was formed which if infringed would result in damage. The neighbour principle was established by Lord Akins namely that your neighbour is anyone who may be affected by your acts or omissions. Main points of Case (The details of this were) Mrs Donoghue drank some ginger beer in which she found the remains
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Credit card : Asset or Liability Credit card actually replaces the hard money in market. Before the coming of plastic money‚ every one relies on their present income. If possible in present salary then only purchases go on‚ otherwise get shifted to next month. This problem now has been solved with the plastic money. Make payments in the next month but u can purchase now. Any one can judge this plastic money is an asset or liability for a person. Let assume its an asset. How? Right now it makes
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4: OCCUPIER’S LIABILITY Occupier’s liability forms part of the liability arising from the occupation of premises. It is therefore related to nuisance‚ Rylands v Fletcher‚ breach of statutory duty and basic negligence. Occupier’s liability covers liability for damage (usually personal injury) which occurs to entrants on to the premises of the defendant. In the Commonwealth Caribbean‚ Barbados and Jamaica have enacted statutes substantially similar to the English Occupiers Liability Act 1957. Barbados:
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Ch8 Student: ___________________________________________________________________________ 1. Delta‚ Northwest‚ and United Airlines have all‚ at one time‚ filed for bankruptcy. True 2. In a classified balance sheet‚ we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in
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you ordered. Therefore you are not to blame because the bar did not baby-sit you like they should have. The above statement sounds ridiculous right? Well it actually happens to be a law in 43 different states‚ and that law is called The Dram Shop Liability law. The Dram shop law makes it possible for a bar owner and servers to be held financially liable if a customer becomes intoxicated at their establishment and then injures someone or causes property damage‚ typically by driving drunk. I myself
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structure holding companies usually have control and influence over subsidiaries. Limited liability on the other hand‚ is the logical consequence of the existence of a separate legal entity or generally‚ the concept simply means that since the company is different from the shareholders‚ the members are only liable for the amount unpaid or their shares and not for the debts of the company When limited liability is easily and cheaply available can be explained as removing unnecessary legal bars which
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ON ASSETS AND LIABILITY MANAGEMENT OF NAWANAGAR CO-OPERATIVE BANK GUIDED BY Dr. (Prof.) Ajay Shah ACADEMIC YEAR 2010-2012 SUBMITTED TO JAYSUKHLAL VADHAR INSTITUTE OF MANAGEMENT STUDIES (JVIMS) BIPIN T. VADHAR COLLEGE OF MANAGEMENT JAMNAGAR AFFILIATED TO GUJARAT TECHNOLOGICAL UNIVERSITY AHMEDABAD 1 2 3 DECLARATION I undersigned PARMAR KANJI N. a student of MBA 3rd semester declare that I have prepared this project report on “Assets and Liability Management of Navanagar
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Contracts‚ Torts and Product Liability Name Institution Chapters 6 and 7 of John McAdams book are on contracts‚ business torts‚ and product liability respectively. In order to understand these chapters fully‚ I will provide an appropriate case and the court’s ruling due to the influence of factors discussed in these two chapters. Before I discuss this case‚ an introduction on the keywords in these chapters in relation to business law is necessary. A contract is a binding legal
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