Tort law is a very important component regulating how the civil justice system of any society works. It is not a single law‚ but rather a collection of ideas and laws that regulate the amount of compensation an aggressor pays the victim in an event of harm. The harm or injury could be physical‚ or to the property and even the reputation of an individual. Enacted during the colonial period in the our country‚ many people believe that this law should be reformed to best suit the current citizen of
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CHAPTER 4 Legal Liability Of CPAs Review Questions 4-1 There are several reasons why the potential legal liability of CPAs for professional "malpractice" exceeds that of physicians and other professionals. One reason is the vast number of people who may sustain damages. If a physician or attorney commits a serious error‚ the number of injured parties generally is limited to one individual patient or client. When a CPA’s report is in error‚ literally millions of investors
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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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THE DUTY OF CARE IN IRISH TORT LAW Author: Anna Louise Hinds‚ B.Corp.Law‚ LL.B (N.U.I.)‚ LL.M (Bruges). Examiner – Legal Framework Formation 1. Introduction The duty of care arises in the tort of negligence‚ a relatively recently emerged tort. Traditionally‚ actions in tort were divided into trespass and trespass on the case‚ or simply ‘case’. Trespass dealt with the situation where the injury was immediate‚ in other words direct and foreseeable. Actions based in case however‚ covered consequential
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Limited Liability Corporation and Partnership In the United States‚ limited liability companies increased rapidly throughout the past 10 years. These structures permit businesses to decrease federal tax liabilities by federal pass-through provisions (Bean & Bilyeu‚ 1997). Limited liability can apply to any non-corporate business‚ in any state‚ and provides characteristics of a corporation and a partnership. Individual states regulate the operations of the LLCs. However‚ companies with limited
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Professional Regulation and Criminal Liability of Nurses Christopher Ponciano September 27‚ 2010 Legal Issues in Health Care: Regulation and Compliance (HCS/430) University of Phoenix Professional Regulation and Criminal Liability of Nurses The health care field is a very complex workplace environment and the terminology like malpractice encompasses the negligence of health care professionals. In the past‚ there is a division that existed between physicians and nurses. Additionally
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Here are some questions and answers on the nuclear commerce liability bill. WHAT IS THE BILL? A civil nuclear agreement between India and United States in 2008 ended New Delhi’s isolation in global atomic commerce and opened up its state-controlled nuclear power market to foreign firms. But the deal could not be implemented until India put in place a compensation regime that limited the liability of private companies‚ especially those from the United States‚ in the event of an industrial accident
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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 work at a nightclub as a bouncer and part of my job is make sure no one becomes overly intoxicated and if they do then my job is to make sure they do not get behind the wheel of a car. One of the problems I see with this law
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INCREMENTAL ANALYSIS TRUE-FALSE STATEMENTS 1. An important step in management ’s decision-making process is to determine and evaluate possible courses of action. 2. In making decisions‚ management ordinarily considers both financial and nonfinancial information. 3. In incremental analysis‚ total variable costs will always change under alternative courses of action‚ and total fixed costs will always remain constant. 4. Accountants are mainly involved in developing nonfinancial information
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The Differing Principles of Assessment of Damages in Tort and Contract By Raphael Kok 1. Introduction For those in the legal fraternity‚ the question of whether a legal wrong has been committed in various situations predominantly occupies their concentration. This holds true‚ even purely in the civil context. When confronted with a problem‚ the question that immediately blazes in their mind is this: “Is there a breach of tortious duty or a breach of contract here?” However‚ the layman’s
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