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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PROPERTY‚ LIABILITY AND PECUNIARY LOSS INSURANCE(PLPLI) PU‚ BBA-BI 6th Semester By Baikuntha Raj Timasina MBA‚ BEd TU Fire Insurance 2 Fire is a magnificent servant but a terrible master Insurance that is used to cover damage caused by fire is fire insurance Specified form of property insurance‚ designed to cover the cost of replacement‚ reconstruction or repair Policy cover damage to the building itself and may also cover the damage to nearby structure‚ personal property and expenses
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the defendant is liable for the loss which occurs from his breach of a duty of care to the plaintiff‚ once it is established that the loss sustained by the plaintiff is one recoverable in negligence. The test of remoteness of damage limits this liability by defining certain types of damage or losses as being irrecoverable as a matter of law. The test is carried out to protect the defendant in breach of their obligations from unusual or unexpected claims. The test for remoteness was for some time
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concept of torts and the risk management process. This may help you identify how an organization can minimize the tort liability risk for a company. The readings analyze intentional torts and negligence with the intentional torts against persons‚ as well as examples of cases that address this issue. You study unintentional tort (negligence)‚ and you discuss the seminal case of Palsgraf v. The Long Island Railroad Company. The readings also address strict liability and product liability. This information
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Nuisance where the defendant’s actions "materially affects the reasonable comfort and convenience of life of a class of plaintiff’s subjects" "any continuous activity or state of affairs causing a substantial and unreasonable interference with a [claimant’s] land or his use or enjoyment of that land" Only those who have a legal interest in the affected land can sue Public nuisance concerns protecting the public private nuisance‚ which protects an individual. SAME** SLIDE 4:
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coincidentally was passing by. In this case‚ Tim can definitely claim against Danny as Danny has surely commit a tortuous action towards Tim. Tort is a French word for wrong and tort has three categories namely intentional torts‚ unintentional torts (negligence)‚ and strict liability (Cheeseman‚ 2010). This case is specifically classified as unintentional tort or negligence. The victim could claim damages sought from the offending party (Cheeseman‚ 2010). Since Tim was injured‚ he could bring a civil
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The film Class Action is a piece that does not directly involve a tort tale‚ however the case portrayed in the movie could easily depicted as one. In order to convert this case into a tort tale‚ we have to have a brief overview of the events that occurred in the movie. To start‚ the defense attorney (Maggie Ward) for Argo was the daughter of the attorney who was representing the clients who were suing Argo (Jed Ward). According to the movie‚ a certain model and year of an Argo (Fictional car company)
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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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Tort Reform is this good? Does Tort Reform actually help us‚ the consumers from Corporate America putting profits over us? Does Tort Reform help with safer products? Should there be limits to punitive damages? Is Tort Reform good? There are people that insist it is and there are those like myself that believe Tort Reform is another way to take yet‚ another right away from us. Allow me to begin by defining Tort Reform. Tort is a personal legal wrong doing and Reform is to make changes in order to
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Introduction to Occupier’s Liability in Singapore Occupier’s liability refers to the liability of an occupier of premises arising from the defective conditions or unsafe activities on the premises which result in injury or damage to the plaintiff. In Industrial Commercial Bank v Tan Swa Eng His Honour Lai Kew Chai J rightly held that “the law of occupiers’ liability in Singapore is derived from English common law”. However‚ statues on occupier’s liability in the England are not applicable to
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