INTRODUCTION TO VICARIOUS LIABILITY The misconduct doctrine that imposes responsibility upon one person for the failure of another, with whom the person incorporates a special relationship (such as Parent and child, employer and employee, or owner of vehicle and driver), to exercise such care as a fairly prudent person would use underneath similar circumstances. Vicarious liability could be a legal belief that assigns liability for an injury to someone who failed to cause the injury however who incorporates
Vicarious liability alludes to a circumstance where an individual is considered in charge of the activities or exclusions of someone else. In a working environment setting, a business can be at risk for the demonstrations or oversights of its workers, if it can be demonstrated that they occurred throughout their job. There are two conditions which should be fulfilled for vicarious liability: • The relationship between labourer and the individual they work for is that of business and worker. •
VICARIOUS LIABILITY The tort doctrine that imposes responsibility upon one person for the failure of another, with whom the person has a special relationship (such as Parent and Child, Employer and Employee. Or Owner of vehicle and Driver), to exercise such care as a reasonably prudent person would use under similar circumstances. Vicarious Liability is a legal doctrine that assigns liability for an injury to a person who did not cause the injury but who has a particular legal relationship to the
concepts of liability are explored. Both in which situation it arises and the consequence that go along with it when a business is held responsible. The case study provides an excellent example of liability. Vicarious liability is explained as when an “employer is liable for the injuries caused by employees during their employment” (Yates, R.A., 2016). This idea brings the question of whether the liability businesses are held to is too much. In my opinion I think the approach vicarious liability takes
The liability of corporations under federal criminal law is based on the doctrine of respondeat superior, or vicarious liability, which is a form of strict liability. 1. The Duality of Corporate and Individual Criminal Liability Statutes that expose a corporation to criminal liability do not absolve the officers, employees, or agents whose violations lead to the corporation’s plight. Courts have noted that, “No intent to exculpate a corporate officer who violates the law is to be imputed to Congress
where there is no state of mind at all. The law’s intention is to create liability to criminal punishment only where there is a mental element. In Attorney General Reference no. 2 of 1999 , an incident where 7 train passengers died at the hands of the rail station company for their lack of ensuring safety procedures were put in
Solution : Introduction: A budget is an estimation of particular commodity, quantity etc. It can be prepared for any number of days but generally it is prepared wither for a year or quarter... A budget may or may not become the actual outcome. A sales budget can be defined as a projection of how much a particular business or organization will be able to sell its product within a Year. It is always an anticipated. Budgets serve as a framework and help managers to estimate likely incomes and expenditures
have total liabilities of 37.51% with respect to the total asset of the company. It imply around the ratio of debt to assets is 3:10 in 2010. In 2009, the debt-assets ratio was 29.81%. It imply the debt-asset ratio of the company have an increase of 7.7% from 2009 to
Let's face it, wedding photography is one of the most challenging industries to get involved in not to mention one of the most competitive. My first words of advice to you will be -- "why would anyone want to enter wedding photography"? There are way too many things that can go wrong and you simply cannot re-shoot the day without redoing the whole event. But I have good news for you because the two solutions are using green screen with chroma key technology to eliminate the errors and learning digital
Budget: The budget will be based on $25,000.00 for the GED program. The GED program will be funded by a non-profit organization with a budget of $25,000.00. Out of this budget for the GED program, it will pay for staff salaries, fringe benefits, traveling expense, equipment for the program, materials and supplies, consultant and contractual services, and miscellaneous, which should equal to $25,000.00. Salaries & Wages (Director, Asst. Director & Secretary). $17,000.00. Fringe Benefits (Stipend)
Steve Dunleavy was invited to come up to the podium to speak on behalf of the Republic Services Update stated in the agenda. Republic Services is a waste service company who collects trash and recycling around Morgantown. Previously a soldier in Iraq and a Special Olympics coach who resided in Boston with his family, Dunleavy has been with the company for 90 days, and started by explaining the progresses in the company has made within that time. These advances include stabilization of their world-class
MARKETING MANAGEMEMT CASE 1 : OSCAR MAYER Group 2 ----------------------------------------------------------------------------------------------------------------------------------- INTODUCTION Oscar Mayer was founded in the year 1883 and was owned by Kraft’s food. It was famous for its red meat in United States. Oscar Mayer had also made a very recent acquisition of Louis Rich, a producer of White meat and this acquisition proved to be a success mainly because of the growing demand for white
In the movie titled “The Pursuit of Happyness”, there was a problematic family living in San Francisco in 1981. The main character, Chris Gardner worked as a salesman invested his entire life savings in portable bone density scanner to support his family including his wife Linda and a five years old son Christopher. However, Chris’ business is not doing well and his wife was forced to work. Day after day, Linda was suffering and she always quarrelled with Chris and blamed him didn’t play the role
Answers for Candy a) Type of information each financial statement provides • Balance sheet Balance sheet reported assets, liabilities and stockholders' equity. Assets represent all the elements that a company owns and uses to generate revenue. Liabilities include money owed to creditors of assets or other financing purposes. The assets include investments made in the business or the capital invested by the owners (Collier, 2015). • Income statement The income statement reports the profit of the
Clients must keep records and books of accounts including cash book, sales ledger, purchases ledger and general ledger. Supporting documents such as invoices, bank statements, pay-in slips, cheque butts, and receipts for payments, payroll records and copies of receipts issued should be retained. A valuation of the stock in trade should be made at the end of the accounting period and the appropriate records maintained. Company should record sufficient to explain each transaction and to enable a true
Operating and Non-Operating Liabilities Operating liabilities arise from ordinary operations and provide a less expensive source of financing for companies. Attachment 32 (page XXX) shows the operating and non-operating liabilities for Dollar Tree and Dollar General. Dollar Tree’s operating liabilities as a percentage of total liabilities were 57.52% in the fiscal year 2014, 51.92% in fiscal year 2013, 74.99% in fiscal year 2012, and 73.02% in fiscal year 2011. The percentages have decreased
or loss by comparing the revenues with its expenses. The information listed on the income statement is mostly in relatively current dollars, and so represents a reasonable degree of accuracy. However, it does not reveal the amount of assets and liabilities required to generate a profit, and its results do not necessarily equate to the cash flows
1.1 Explain the importance of external factors affecting Coca-Cola Company. Introduction The coca cola company was invented in 1886 in New York Habour. Like people who make history, John Pemberton of Atlanta pharmacy, was motivated by simple curiosity and one afternoon he enthused up a fragrant caramel – colored liquor and he carried it out after it was done. He put it on sale on a few doors down to Jacobs’s pharmacy for 5 cents on 3p a glass. A Pemberton’s bookmaker, frank Robinson named this
3.0 SWOT Analysis 3.1 Strengths Media and entertainment is one of the most booming sectors due to its vast customer range. Therefore, watch a movie in a theater is always in demand even high demand during recession. This is due to the product offers an “escape from reality” for consumers in a recessive economy. Besides that, it is a cheaper option for families as watch a movie is an activity that is still relatively affordable for families and location of theater are nearby the developing areas,
A current liability on Extreme Sports Nutrition’s balance sheet is made up of accounts payable. Accounts payable is the company’s responsibility to pay off their on-going short-term debt to their creditors or suppliers. Other current liabilities listed on the balance sheet are customer deposits and accrued expenses. An accrued expense is when goods and services have already been delivered, but not yet billed, and now it is the company’s obligation to pay off their expenses in the future. Customer