Tag: Liabilities

  • Compensation

    Compensation in United States Compensation Definition (Lat. compendere, to balance). Indemnification ; recompense. Something to be done for or paid to another of equal value with something of which he has been deprived by the act or negligence of the party so doing or pajring. That which […]

  • Compensation

    Compensation in United States Compensation Definition (Lat. compendere, to balance). Indemnification ; recompense. Something to be done for or paid to another of equal value with something of which he has been deprived by the act or negligence of the party so doing or pajring. That which […]

  • Indemnity

    Indemnity in United States Indemnity Definition That which is given to a person to prevent his suffering damage. 2 McCord (S. C.) 279. Security to save harmless. A contract whereby one party agrees to secure another against an anticipated loss or damage, and the liability under which […]

  • Products Liability

    Products Liability in United States That field of law which addresses defective products. A defective product gives rise to a presumption of negligence and the plaintiff may have a cause of action against the producer as well as against the seller and possibly even against intermediaries in […]

  • Dual Agency

    Dual Agency (Duties ) This section introduces, discusses and describes the basics of dual agency. Then, cross references and a brief overview about Duties is provided. Finally, the subject of Agency Relationships in relation with dual agency is examined. Note that a list of cross references, […]

  • Dual Agency

    Dual Agency (Duties ) This section introduces, discusses and describes the basics of dual agency. Then, cross references and a brief overview about Duties is provided. Finally, the subject of Agency Relationships in relation with dual agency is examined. Note that a list of cross references, […]

  • Reasonable Skill

    Reasonable Skill (Duties) This section introduces, discusses and describes the basics of reasonable skill. Then, cross references and a brief overview about Duties is provided. Finally, the subject of Agency Relationships in relation with reasonable skill is examined. Note that a list of cross […]

  • Reasonable Skill

    Reasonable Skill (Duties) This section introduces, discusses and describes the basics of reasonable skill. Then, cross references and a brief overview about Duties is provided. Finally, the subject of Agency Relationships in relation with reasonable skill is examined. Note that a list of cross […]

  • Third Parties

    Third Parties in United States Third Parties Definition in Contract Law A term used to include all persons who are not parties to the contract, agreement, or instrument of writing by which their interest in the thing conveyed is sought to be affected. (…). But it is difficult to give a […]

  • Third Parties

    Third Parties in United States Third Parties Definition in Contract Law A term used to include all persons who are not parties to the contract, agreement, or instrument of writing by which their interest in the thing conveyed is sought to be affected. (…). But it is difficult to give a […]

  • Warranties

    Warranties in the United States Article 2 of the UCC contains several warranty provisions (including Implied Warranty and Express Warranty), though these are not related specifically to products liability. Thus, under UCC, Section 2-312, unless explicitly excluded, the seller warrants he is […]

  • Warranties

    Warranties in the United States Article 2 of the UCC contains several warranty provisions (including Implied Warranty and Express Warranty), though these are not related specifically to products liability. Thus, under UCC, Section 2-312, unless explicitly excluded, the seller warrants he is […]

  • Tort Reform

    Tort Reform in the United States Introduction Business advocates claim the American tort system—products-liability law included—is broken and corrupted by grasping plaintiffs’ lawyers; plaintiffs’ lawyers say businesses are greedy and careless and need to be smacked into recognition of its […]

  • Tort Reform

    Tort Reform in the United States Introduction Business advocates claim the American tort system—products-liability law included—is broken and corrupted by grasping plaintiffs’ lawyers; plaintiffs’ lawyers say businesses are greedy and careless and need to be smacked into recognition of its […]

  • Merchantability

    Merchantability in the United States Implied Warranty of Merchantability Definition in Plain-English Law Implied Warranty Of Merchantability as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455): An implied warranty that a new item will work for its specified purpose. Implied […]