Liability

Missed Live Session 12/15/15 The class live session described the law of ethics. I think it’s important to understand medical ethics and the principles of law because of the changing aspects that exist in the health care field. Medical professionals will always be confronted with issues of morality and ethics and it is difficult to say whether the choices that they make will be accepted by society as whole. Every individual will perceive aspects of morality and ethics in different ways, so it…

A tort is a civil wrong that are done by one party against another or causes someone else to suffer loss or harm resulting for the person who commits the act. Tort law decides whether a person should be held legally responsible for injury against another, and what type of compensation the injured party is entitled to. There are 4 elements to tort law which are duty, breach of duty, causation and injury. The first element is known as the “duty of care.” A duty of care arises when the law…

statements and they relied on that information to invest on the firm. Just the fact that the investor suffered a loss because of my work, is enough for me to be held liable and pay them back for the damages suffered. The only way for me to avoid liability is to prove that I acted with due diligence. Due diligence is when an auditor investigated and reasonably believed that the opinion issued on the financial statements was correct and no material facts were omitted. Investors can hold me liable…

that measure the capacity of an organization to meet its fleeting obligation commitments. These ratios measure the capacity of an organization to pay off its transient liabilities when they fall due. The liquidity ratios are an aftereffect of separating cash and other fluid resources by the fleeting borrowings and current liabilities. They demonstrate the quantity of times the transient obligation commitments are secured by the cash and fluid resources. On the off chance that the quality is more…

This is caused by a spike in both total assets (up 180%) and total liabilities (up 141%). The question is, where did these assets come from? Well, Tesla merged with SolarCity on Nov. 17th, 2016 [19], which is right around when Tesla’s total assets increased significantly [20]. With this merger, it would explain why their total assets and total liabilities increased, they would gain the assets of SolarCity, and their liabilities. Throughout my research into the finances of Tesla Inc., one thing…

damage to your boat whether it is in or out of the water, liability coverage in case you injure someone while boating, and medical payments in case someone on your boat is injured. The insurance experts at Parsons Insurance, located in Amelia, OH, explain why insurance should be a necessity for your boat. Although you may not be required by your state law to have boat insurance, it may be a good idea to have it. Some states require liability coverage on your boat, and certain marinas require…

According to Ashworth, there are “three principals that have particular relevance to criminal liability for omissions”5 all three of which being applicable to this case as the situation was urgent, the preservation of life was necessary and the defendants have the opportunity and arguably the capacity to act. Despite all this, British law is often…

standard of taking tangible employment action as the minimum for someone to be classified as a “supervisor”; this leave all those who have the ability to alter an employee’s daily activities and work environment off the hook when it comes to employer liability for such harassment. In Lakisha Davis’s article, she outlines something called “The Control Test for ‘Acting Supervisors’”. This test “would consider factors, such as: (1) how often the harasser directs the victim’s daily work activities;…

The chart of accounts is a highly detailed list of various account types an organization manages. A nonprofit's chart of accounts gives the organization a uniformed manner in which to track assets, liabilities, equity, revenue, and expenses ("chart of accounts definition", n.d.). The benefit of a chart of accounts is that it can be tailored to properly reflect the needs and operations of each organization. These documents are not only used by those within the organization, they also provide…

capitalizes the fee per title and records a liability at the gross amount of liabilities when the license period begins, the cost of title is known and the title is available for online streaming. The company divides the content available for streaming in two portions; Current content library is the portion available for streaming within one year and the remaining as Non Current Content library. The procurement of streaming content rights and changes in related liabilities, are classified…