India’s large population - asset or liability? In his theory of population‚ Malthus stressed the need of keeping population within limits to the point he called Optimum. At this point in time‚ India has a population of about 1.27 billion people‚ and it supports upto 17% of the entire world’s population. Of these 1.27 billion people‚ 50% are below the age of 25‚ and 65% are below the age of 35. This means that the major part on India’s population are students and young workers. There are more
Free Developing country Laborer India
Lifting of Corporate Veil in Tort Cases in Pursuit of Justice Introduction Limited liability has been the prevailing rule for corporations for more than a century. It creates incentives for excessive risk-taking by allowing companies to avoid the full costs of their activities. Strict application of this rule in all cases would lead to inflexibility and injustice‚ particularly in tort cases. Therefore‚ as suggested by Stephen Griffin—“in the interests of justice and to prevent subsidiary companies
Premium Subsidiary Corporation Tort
Problems with PPACA: Higher Costs PPACA has touted new benefits without measures to cut cost.1 One should know that in America there are already federal laws and programs to cover the elderly (Medicare)‚ the poor (Medicaid)‚ and uninsured children (CHIPs)‚ In addition there is basically free or low cost care to anyone who needs it and it is available if one looks for it. Examples include: Shriner’s hospitals‚ free clinics‚ and providers who do pro bono work. In case that wasn’t enough‚
Premium Health insurance Health care Health economics
Lender Liability and the Duty of Good Faith I. Introduction From time to time‚ lenders and their attorneys announce that lender liability is no longer an issue with which the lending community needs to be concerned. What usually prompts this proclamation of the death of lender liability is a recent case in which a court has summarily rejected a borrower ’s claim that the lender violated the duty of good faith and fair dealing. Many courts have rejected borrowers ’ lawsuits which are based on
Premium Contract Debt Contractual term
Chapter 11 Current Liabilities and Payroll Questions 1. A current liability is one that is payable within the coming year or within the company’s normal operating cycle if longer than a year. All other liabilities are long-term. A contingent liability is a potential liability that depends on a future event arising out of past events. The future event will determine the amount and existence of the liability. A contingent liability may or may not become an actual obligation. 2. The company reports
Premium Tax Revenue Balance sheet
Adam Gonzalez Individual Research Project BA: Business Law (3301) Thursday 7:00 – 9:45 November 17‚ 2011 University of Houston – Downtown 100 Main St. Houston‚ TX 77002 Adam Gonzalez Engagements‚ Responsibility and Liability: Ethics Implications People act unethically for a number of reasons. Unethical behavior is defined as behavior that contravenes rules designed to maintain the fairness and morality of a situation. The study of business ethics and its implications for different
Premium Business ethics Ethics
Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively‚ whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified. Current
Premium Balance sheet Generally Accepted Accounting Principles Asset
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
Premium Law Criminal law Negligence
the objective of upholding a safe and healthy work setting. The state of Maryland is not dissimilar. This document is envisioned to deliver the process of civil complaints within the state of Maryland; with how criminal liability is regulated and the procedure’s in which the liability is executed. Every process is distinctive to its specific class. The civil complaint process is first; according to the American Heritage dictionary which describes civil complaint as the presentation by the complainant
Premium Health care Medicine Health care provider
Product Liability Theories of Recovery and Defense In my opinion Wood would most likely win the law suit against either the peanut or the jar manufacturer on the basis of strict liability or negligence‚ which allows a person injured by an unreasonably dangerous product to recover damages from the manufacturer or seller of the product even in the absence of a contract or negligent conduct on the part of the manufacturer or seller (Bagley‚ 2013). Therefore‚ Wood should recover damages even if the
Free Product liability Tort Negligence