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Liability Treaties
Liability may refer to: Law * Legal liability, in both civil and criminal law ** Public liability, part of the law of tort which focuses on civil wrongs ** Product liability, the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause ** Professional liability for one's professional acts, as in professional liability insurance Finance * Liability (financial accounting) a current obligation of an entity arising from past transactions or events ** Accrued liabilities and contingent liability ** Current liability, or short-term liabilities are obligations that will be settled by current assets or by the creation of new current liabilities ** Non-current, or Long-term liabilities, liabilities with a future benefit over a certain period of time (e.g. longer than one year) Arts and media Film * ''The Liability'', a 2013 film Music * ''Liability'' (albu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Liability
In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability. Theories of liability Claimants can prove liability through a myriad of different theories, known as theories of liability. Which theories of liability are available in a given case depends on nature of the law in question. For example, in case involving a contractual dispute, one available theory of liability is breach of contract; or in the tort context, negligence, negligence per se, respondeat superior, vicarious liability, strict liability, or intentional conduct are all valid theories of liability. Each theory of liability has certain conditions, or elements, that must be proven by the claimant before liability will be established. For example, the theory of n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Liability
Public liability is part of the law of tort which focuses on civil wrongs. An applicant (the injured party) usually sues the respondent (the owner or occupier) under common law based on negligence and/or damages. Claims are usually successful when it can be shown that the owner/occupier was responsible for an injury, therefore they breached their duty of care. The duty of care is very complex, but in basic terms it is the standard by which one would expect to be treated whilst one is in the care of another. Once a breach of duty of care has been established, an action brought in a common law court would most likely be successful. Based on the injuries and the losses of the applicant the court would award a financial compensation package. The law of insurance and public liability In the course of managing any property, one is obligated to comply with laws and statutes administered by government and municipal bodies. These bodies impose various liabilities of which the property o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product Liability
Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Although the word "product" has broad connotations, product liability as an area of law is traditionally limited to products in the form of tangible personal property. Product liability by country The overwhelming majority of countries have strongly preferred to address product liability through legislative means. In most countries, this occurred either by enacting a separate product liability act, adding product liability rules to an existing civil code, or including strict liability within a comprehensive Consumer Protection Act. In the United States, product liability law was developed primarily through case law from state courts as well as the ''Restatements of the Law'' produced by the American Law Institute (ALI). The United States and the European Union's product ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professional Liability Insurance
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice-, consulting, and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service. Coverage almost al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (financial Accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Liability
In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts and shown in the balance sheet when both probable and reasonably estimable as 'contingency' or 'worst case' financial outcome. A footnote to the balance sheet may describe the nature and extent of the contingent liabilities. The likelihood of loss is described as probable, reasonably possible, or remote. The ability to estimate a loss is described as known, reasonably estimable, or not reasonably estimable. It may or may not occur. Classification According to International Monetary Fund's ''Government Finance Statistics Manual'', contingent liabilities shall be classified as: * Explicit contingent liabilities ** Guarantees *** One-off guarantees **** Loan and other debt instrument guarantees (publicly guaranteed debt) **** Other one-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Current Liability
In accounting, current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer. A more complete definition is that current liabilities are obligations that will be settled by current assets or by the creation of new current liabilities. Accounts payable are due within 30 days, and are paid within 30 days, but do often run past 30 days or 60 days in some situations. The laws regarding late payment and claims for unpaid accounts payable is related to the issue of accounts payable. An operating cycle for a firm is the average time that is required to go from cash to cash in producing revenues. For example, accounts payable for goods, services or supplies that were purchased for use in the operation of the business and payable within a normal period would be current liabilities. Amounts listed on a balance sheet as accounts payable represent all bill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long-term Liabilities
Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. The normal operation period is the amount of time it takes for a company to turn inventory into cash. On a classified balance sheet, liabilities are separated between current and long-term liabilities to help users assess the company's financial standing in short-term and long-term periods. Long-term liabilities give users more information about the long-term prosperity of the company, while current liabilities inform the user of debt that the company owes in the current period. On a balance sheet, accounts are listed in order of liquidity, so long-term liabilities come after current liabilities. In addition, the specific long-term liability accounts are listed on the balance sheet in order of liquidity. Therefore, an account due within eighteen months would be listed before an account due within twenty-four months. Examples of long-term liabil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Liability
''The Liability'' (also known as The Hitman's Apprenticehttps://www.bbfc.co.uk/releases/hitmans-apprentice-video ) is a 2013 British black comedy crime-thriller film directed by Craig Viveiros and written by John Wrathall. The film stars Tim Roth, Talulah Riley, Jack O'Connell and Peter Mullan. The film is about a teenager sent to do a day of driving for his mum's gangster boyfriend, which leads him into the world of crime. Plot Young and naive 19-year-old slacker, Adam ( Jack O'Connell), lives with his mum, Nicky (Kierston Wareing), in the home of her intimidating gangster boyfriend, Peter (Peter Mullan) and is sent to conduct a day of driving for Peter's associate after Adam inadvertently views an incriminating video on Peter's laptop. This takes Adam on the road with aging hitman, Roy (Tim Roth), as he enters a world of murder for 24 hours. After Roy kills a man, Danil, living in a camper in the woods, He tries to force Adam to kill a mysterious girl (Talulah Riley) who seems ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (album)
''Liability'' is a solo studio album by American rapper Prof. It was released via Rhymesayers Entertainment on October 16, 2015. It is Prof's first album with Rhymesayers. It features guest appearances from Tech N9ne, Petey Pablo, and Waka Flocka Flame. The album peaked at number 141 on the ''Billboard'' 200 chart, as well as number 19 on the Top R&B/Hip-Hop Albums chart. Critical reception David Jeffries of AllMusic gave the album 4 stars out of 5, commenting that "Guest shots from Tech N9ne ('Ghost') and Petey Pablo ('King') represent how weird and wild this guy plays it, but the local emo kids Atmosphere love the man as well, and they're likely appreciative that his brand of chaos is crafted as it comes." He added, "''Liability'' is proof that Prof is an off-kilter but discerning MC." Jesse Sendejas Jr. of ''Houston Press'' praised the album as being like Laurence Sterne's ''The Life and Opinions of Tristram Shandy, Gentleman ''The Life and Opinions of Tristram Shandy, Ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (song)
"Liability" is a song recorded by New Zealand singer-songwriter Lorde, from her second studio album ''Melodrama'' (2017). Lorde co-wrote and co-produced the track with Jack Antonoff. It was released on 10 March 2017, by Lava and Republic Records as the album's first promotional single. It is a pop piano ballad, which is accompanied with organs and guitar strums in the background. The track's lyrics detail the consequences and scrutiny Lorde's friends received from the media as a result of her new-found fame and the effect it had on her emotional health. Music critics praised the song's lyrical content and Lorde's vocal delivery; some noted its dramatic sonic shift from the album's lead single " Green Light" (2017), which was released a week prior. The song had minor chart placements in the United States and the United Kingdom, placing at 78 and 84, respectively. She performed "Liability" for the first time on ''Saturday Night Live'' in New York in 2017 and subsequently at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Written In Stone
"Written in Stone" is a song that was written for Disney's 1998 animated film ''Mulan'', but was cut from the film when its composer left the project. Lea Salonga auditioned for ''Mulan'' with "Written in Stone" and recorded a demo during production. "Written in Stone" has "surfaced over the years" in later reworkings of the original film. Mulan's deleted torch song, which "accompan edher transformation into a soldier", was salvaged by the one-act version of the play licensed to grade schools, ''Mulan Jr'' in multiple reprises . Meanwhile, Salonga has performed the original demo version live at least once. Development Mulan (1998) Stephen Schwartz was originally signed to the ''Mulan'' project as a lyricist and composer. He completed two songs: "China Doll" and "Written in Stone" Partway into the project, Dreamworks also hired Schwartz to compose music for ''The Prince of Egypt ''The Prince of Egypt'' is a 1998 American animated musical drama film produced by DreamWo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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