IABILITY 1 A THEORY OF VICARIOU S LIABILITY J.W . N EYERS * This article proposes a theory of vicarious liability which attempts to explain the central features and limitations of the doctrine. The main premise of the article is that the common law should continue to impose vicarious liability because it can co-exist with the current tort law regime that imposes liability for fault. The author lays out the central features of the doctrine of vicarious liability and examines why the leading rationales
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I. CASE 4.28: Contributory Negligence Facts: • Pride Accountants has been the auditor of Skyhign Ltd for the last five years. • The audited was made for the year ended 30 June 2009‚ where Pride Accountants issued an unqualified opinion of the financial reports. • Skyhigh is a largest client of Pride Accountants. • They have a good working relationship. • In the past‚ audits of Skyhigh have run smoothly and its financial reports have always been unqualified. • The audited was made for the
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What is negligence? Negligence is a legal concept in the common law legal systems mostly applied in tort cases to achieve monetary compensation for physical and mental injuries. Negligence is a type of tort. "Negligence" is not the same as "carelessness"‚ because someone might be exercising as much care as they are capable of‚ yet still fall below the level of competence expected of them. It is the opposite of "diligence". It can be generally defined as conduct that is culpable because it falls
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If Tropica is purchased‚ the excess space will be used to store Martinez’s finished product. Currently‚ Martinez rents storage space at approximately $0.60 per unit stored per year. Approximately 6‚000 units per year are stored in the rented space. Instructions (a) Prepare an incremental analysis for the make-or-buy decision. Should
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In Defense of Negligence Crystal J. Bolden Professor Nekia S. Hackworth Elmo Puppeteer Sued over Sexual Allegations November 28‚ 2012 Relevant Facts in the case of Kevin Clash 1 According to New York Daily News‚ November 2012 the voice behind the little red furry friend Elmo from “Sesame Street” is being sued by three different accusers for inappropriate sexual conduct towards under aged kids. The first accuser came fourth stating that he had sexual relations with Kevin
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found negligent by having a water spill on the floor. However‚ the factors of the time frame‚ that the spill was open and obvious‚ and that Trina did not know of the spill could remove her negligence. Additionally‚ Karen Logan was contributorily negligent here‚ absolving Trina of any negligence claim. Negligence To be negligent‚ the condition of defendant’s property must present an unreasonable risk of harm to people on the property. Here‚ the puddle of water in the middle of the floor was not
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Contingent Liability 1. Analyze why a company would prefer not to disclose its contingent liabilities. In order to understand why a company would or would not disclose his contingent liabilities it is important to know exactly what a contingent liability is. As I have learned throughout all of my accounting studies a liability is simply an obligation or debt that a business owes to an individual or an organization. Now there are many liabilities that include services‚ payroll‚ notes‚ and
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Tort of Negligence Damage and Injury In order for a claim of tortuous liability in negligence to be actionable‚ primarily‚ certain fundamental pre-requisites need to be established in each case respectively. The requirements of the modern tort of negligence were stated by Lord Wright in‚ Lochgelly and Coal Co ltd v McMullan‚ as being‚ i) the existence of a duty of care owed by the defendant to the claimant; ii) a breach of that duty; iii) damage or injury caused by that breach of duty. Each aforesaid
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and processing of coffee and various forms of coffee beverage available worldwide. * To study the popularity and demand of various forms of coffee in Navi-Mumbai. * To know the awareness among the residents of Navi-Mumbai about the availability and the health benefits of coffee beverage. * To study the scope of coffee shops in Navi-Mumbai. * To popularize coffee as a healthy beverage in Navi-Mumbai. 1. Introduction 1.1 fig Coffee is a brewed beverage with
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The European Accounting Review 2000‚ 9:3‚ 371 385 Auditor liability rules under imperfect information and costly litigation: the welfare-increasing eŒ of liability ect insurance Ralf Ewert‚ Eberhard Feess and Martin Nell University of Frankfurt‚ Frankfurt am Main ABSTRACT This paper examines auditor liability rules under imperfect information‚ costly litigation and risk-averse auditors. A negligence rule fails in such a setting‚ because in equilibrium auditors will deviate with positive probability
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