Professional liability insurance

However, in certain circumstances this corporate privilege is used as a mean of exploiting loopholes in the legal system, leaving the courts with the option of uncovering the corporate veil and imposing liability upon individuals within the corporation. Today, the courts will rather enforce the principle of separate legal entity to a company as in the case of Salomon v Salomon Co Ltd, than apply the doctrine of piercing the corporate veil. However, the courts…

Introduction and Statement of Facts The fundamental attribute of corporate personality, from which all other consequences flow if that the corporation is a legal entity distinct from its members. Hence, it is capable of enjoying rights and of being subjects to duties which are not the same as those enjoyed or borne by its members. In other words, it has a “legal personality” and is often described as an artificial person in contrast with a human being, a natural person. However, corporate…

if these reasons were valid enough to both the groups, then the meetings would have be much more peaceful. And even if these a situation where none of them can decide what decision should be made, then the CEO, ie, Mehta should step in and act professional and make a decision and this decision should be appreciated by both the…

increasingly growing in every Direction, Example includes Medicine, Transportation, Education, Defense, etc. In First Article “Self-Driving Technology and Autonomous Vehicles: A whole new world for production liability Discussion” Author Roy Alan Cohen Analyzes the how Production liability will work, and how the People’s claim will increase the issues regarding it. Transportation as we know it would be impossible without the quantum leaps in technology that have taken place over the past…

In a typical court, determinations of criminal liability require a voluntary act and intent to commit a criminal act. Legal theory refers to this as Actus Rea and Mens Rea, and liability as the state of being responsible for something. The legal requirement rests on Mens Rea to determine culpability and the actor’s mental state. A general example of this in criminal law is how liability or no liability in a murder case rests on the actor causing the death intentionally. The goal of this paper is…

Product-Harm Crisis – Toyota Case Study Meaning of product-harm crisis. One may characterize a product-harm crisis as an abundantly revealed episode of a product deficiency, unhygienic, injurious to patrons, and “costly” to organizations (Cleeren, Heerde, & Dekimpe, 2013, p. 58). Cleeren et al. (2013) found a product-harm crisis more often than not impacts the whole manufactured category type of goods. This situation elicits a stern adrift sales and product recall. In the same pursuit, the…

The north, south and east side of the park are very large sidewalk areas that are capable of holding large groups of people at a time. The most obvious of these is the south part of the park where there are two sets of steps that lead up into the park, this is the popular meeting spot for when protest take place here in Union Square. These sides of the park are meaningful as they have the ability to facilitate large groups of people and act as signifying objects that carry meaning with them.…

relevant industry and political environments, cannot be effectively accomplished without providing employee internet and email access. While these accesses are imperative for businesses to remain competitive, employee internet and email access pose liability risks, therefore employers have valid concerns regarding legal, ethical, and human resource issue repercussions that the company might face concerning employee internet abuse. For these reasons, we propose taking preventative measures by…

to adopt a Master Limited Partnership (MLP). Fortress Investment Group, that went public during 2006, has used this structure and considering the share price of that firm, it seemed like the investors appreciated the structure. MLP is a limited liability company with units of the firm that can be traded on the stock market. The structure allows the firm to retain the limited partnership form of governance and hence, allow the management team to continue manage the firm. The unit holders (share…

1) Collect all Crosby cases in which a plaintiff alleges malpractice against a lawyer for failure to draft a shareholder or CCA that protects minority shareholders. As a threshold matter, the statute of limitations for legal malpractice actions is one year. Ohio Rev. Code Ann. § 2305.11(A). Generally, an individual shareholder may not bring a legal malpractice action against an attorney that is employed by the corporation itself. See e.g. LeRoy v. Allen, Yurasek & Merklin, 114 Ohio St. 3d 323.…