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Free research papers and essays on topics related to: liability

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  • Auditor Liability - 1,051 words
    Auditor Liability Throughout the Eighties and into the Nineties the question of liability has become more prevalent in the practice of public accounting. Recently, the AICPA has been lobbying for liability reform in cases involving negligence or malpractice by public accountants. Opposition to this lobbying has come from consumer advocacy organizations, trial lawyers' associations, and state public interest groups to name a few. (Bolinger p. 53) The key to success for the AICPA, according to Gary M. Bolinger is creating an image as a, "profession performing high-quality services but faced with excessive liability burdens that harm the public interest." (Bolinger p.56) One should not be conce ...
    Related: auditor, liability, decision-making process, professional standards, recovery
  • Auditor Liability - 1,034 words
    ... r the brunt of liability risk. Realistically speaking, however, a point is reached where the inflationary implications of insurance is greater than the market is willing to accept creating a situation where clients are no longer willing to accept the additional costs imposed by firms to compensate insurance expense leaving the firms as bearers of the cost of liability risk. Also, when taking into consideration the fact that a firm's cost of indemnity insurance is at least partially dependent on prior claims against the firm, a situation will arise when firms are unwilling to accept engagements which present risk, leaving the market with a certain number of businesses which firms are not ...
    Related: auditor, liability, north carolina, professional standards, honest
  • Product Liability - 1,475 words
    Product Liability This week's question concerns liability and moral responsibility in consumer products. As the question is multi-part, the answer will be likewise. To begin, the first question addresses who should be liable for the voluntary actions of others. Specifically, if substantial information concerning the hazards of a product or service has been offered to the consumer, who is to blame if someone is injured? Similar to most questions derived from this course, the answer is "it depends." From a legal standpoint, the contract or arrangement must first be analyzed. If, for example, the activity is a high risk activity such as sky diving or feeding sharks on a scuba dive, then the leg ...
    Related: liability, product liability, public opinion, moral responsibility, interference
  • Product Liability - 1,168 words
    Product Liability Product Liability Every day American consumers purchase products that they feel are beneficial to there development. Where that lies depends on the consumer. However, One underling variable is a constant when it comes to purchasing the product. That variable is whether or not the product is right for them. When the consumer purchases a product, they are liable for whatever mishaps may occur and accidents that may happen. But producers are not completely free from the liability of their product to their consumers. This is where product liability legal issues come from, a segment of the law which has seen its fare share of turmoil and difficulties. Product liability is the pr ...
    Related: liability, product liability, appellate court, personal injury, injured
  • Product Liability - 1,187 words
    ... e hazards involved in using their product. This case revolved around the notion that the manufacturer, once again, didnt use a reasonable degree of care in informing the consumer of the hazards involved with jet skis. Unfortunately for Martell, this inability to inform resulted in a loss of limb. Martell, the rider of a rented jet ski was struck by a motorboat alleged that the manufacturer failed to adequately warn him of the dangers posed by the product. Evidence was presented that the jet skis color and size made it difficult to see, and its difficulty handling in rough water tended to force novice riders to look only straight ahead to keep it afloat, thus increasing the risk for colli ...
    Related: liability, product liability, high school, uniform commercial, subsequently
  • Everyone Has The Right To Work, To Free Choice Of - 1,033 words
    ... est problems facing sweatshop workers is the conditions under which they must work. Sweatshops vary in their conditions. One thing is certain though, on a scale the best conditions start at bad and the worst are judged as terrible. There is no bright spot to the scale. But according to the definition, (a workplace where workers are exploited in their wages or benefits and are subject to poor working conditions), the conditions are, by most accounts, hazardous and unsanitary. Typical conditions include sweltering heat and crowded working environments. In addition, in some cases there are not many fire escapes, water fountains, restrooms and other which are necessary to building codes. To ...
    Related: free choice, corporate america, last year, college students, spoken
  • A Global Assembly Line Is A Capitalists Dream Come True It Allows Companies To Do Business In Free Trade Zones To Manufacture - 1,978 words
    A global assembly line is a capitalists dream come true. It allows companies to do business in free trade zones to manufacture goods throughout the world at the lowest possible cost to the company. This assembly line enables companies like Nike, with corporate headquarters in the U.S. w to shut down their factories here, and move over seas where there are less restrictions and cheaper labor. Where as the production cost are drastically less in these free trade zones, so are the human rights laws, especially those pertaining to women, the majority of the work force. By moving its production sites to places like Asia, Nike is able to pay workers sub-minimum wage, on top of allowing the corpora ...
    Related: assembly, assembly line, dream, free trade, manufacture
  • Abex Chemicals, Inc - 1,129 words
    Abex Chemicals, Inc. ABEX Chemicals, Inc. ABEX Chemicals, Inc. adalah salah saru produsen utama dari petrochemicals (terutama polyethylene). Selama 8 tahun terakhir ABEX menguasai kurang lebih 25% pangsa pasar petrochemical di Amerika Serikat. Namun demikian, persaingan dalam industri ini nampaknya akan semakin ketat, terutama dengan terjadinya ekspansi yang sangat agresif, dan kemungkinan akan terjadinya resesi pada satu sampai dua tahun mendatang. Berdasarkan analisis statistik, harga petrochemical yang diproduksi oleh ABEX diperkirakan akan terus menurun pada 12 hingga 18 bulan kedepan. Hal ini akan meningkatkan credit risk perusahaan ini. Harga saham ABEX baru-baru ini juga mengalami pen ...
    Related: short term, stock price, book value, sales, trend
  • Accomplice Liabilty - 2,666 words
    Accomplice Liabilty Questions Presented 1. Whether a person in Alaska can be charged as an accomplice to an unintentional crime, when Alaskan courts required that one must have the specific intent to promote or facilitate the offense? 2. Whether the mother was the legal cause of her children's death, when she permitted the father to take the children in his car when he was drunk? Statement of the Case The appellant, Elaine Benis, was indicted in the County of Norchester, on one count of manslaughter, pursuant to A.S. 11.41.120. (R. at 1.) She was also indicted for one count of accessory to manslaughter, pursuant to A.S. 11.41.120 and A.S. 11.16.110. (R. at 1). After the presentation of the p ...
    Related: oxford dictionary, drunk driving, supreme court, traffic, commission
  • Accomplice Liabilty - 2,655 words
    ... er to determine the legislative intent behind this statute. There is no concrete history for the present code but the court relied on commentary from the tentative draft of the Alaska Criminal Code revision. The commentary states, "Subsection (2) codifies the current case law that one is liable as a traditional 'accomplice' if he acts 'with intent to promote or facilitate the commission of the offense'." Alaska Criminal Code Revision Part II, at 31 (Tent. Draft 1977) (citations omitted) quoted in 818 P.2d 691, 692. This comment is persuasive because prior to the revision every time the Supreme Court of Alaska defined the mens rea requirement for an accomplice it stated that one has to ha ...
    Related: criminal law, criminal case, drunk driving, alaskan, requirement
  • Accounting 2 - 949 words
    Accounting 2 PRINCIPLES of ACCOUNTING II (AC202) CHAPTER 12 CURRENT AND LONG-TERM LIABILITIES LIABILITIES DEFINED: A probable future payment of assets or services a company is presently obligated to make as a result of past transactions or events. Fundamentally liabilities are measured by the cost principle however: Liabilities are comprised of known obligations of a definite amount and known obligations of an estimated amount (i.e. warranties) CURRENT LIABILITIES: Obligations expected to be paid using current assets or by creating other current liabilities LONG-TERM LIABILITIES: Obligations not expected to be paid within one year. Includes long-term notes payable; mortgages payable; warra ...
    Related: accounting, working capital, time value, notes payable, principal
  • Accounting Differences - 1,245 words
    Accounting Differences General Comments about the Insurance Industry Insurance Companies generate revenues by selling insurance policies. These policies provide a known amount of revenue for an unknown amount of losses offsetting that revenue. This can make the matching principle difficult. Some of the potential losses can come years after the insurance policy was written and the premiums received. The liabilities for these future losses are estimated by actuaries and are subject to a certain amount of interpretation by management. The accounting for the premium revenues is reflected in written vs. earned premium. Various statutory requirements are based on written premium, which is the amou ...
    Related: accounting, insurance policies, revenue growth, chief executive, ratio
  • Analysis On Bulgaria - 4,272 words
    Analysis On Bulgaria External historical events often changed Bulgaria's national boundaries in its first century of existence, natural terrain features defined most boundaries after 1944, and no significant group of people suffered serious economic hardship because of border delineation. Postwar Bulgaria contained a large percentage of the ethnic Bulgarian people, although numerous migrations into and out of Bulgaria occurred at various times. None of the country's borders was officially disputed in 1991, although nationalist Bulgarians continued to claim that Bulgaria's share of Macedonia--which it shared with both Yugoslavia and Greece--was less than just because of the ethnic connection ...
    Related: bulgaria, district court, separation of church and state, public transportation, music
  • Anaysis Of Turkey - 2,155 words
    Anaysis Of Turkey Analysis of Turkey 1999 Political Stability: (4)***(3) Probably the most unpredictable facet of Turkey at this time. It remains to be seen if the instability will level out and stabilize. A recent election has brought a new president to power Suleyman Demirel. Consequently, the next few months are likely to prove beneficial for political critics in Ankara as well as elsewhere but perhaps less so for those who have been waiting patiently for a strong and decisive government to tackle Turkey's many pending problems. The country of Turkey has a population where more than One-Half of the people are under the age of 35, the consensus is too bring a leader with new ideals and sen ...
    Related: anaysis, turkey, raw materials, criminal justice, tight
  • Animal Cruelty - 1,051 words
    Animal Cruelty Jeff Albrecht Joseph Aimone Writing and Rhetoric 13 December 2000 Animal Cruelty One of the most touchy aspects of our relationship with animals is the use of animals in laboratory sciences. Some manufactures of cosmetics and household products still conduct painful and useless tests on live animals, even though no law requires them not to. Some people, called anti-vivisectionists, are at one extreme in their concern. They want an abolition of all experiments on live animals. At the other extreme there are those who say that it is quite all right for us to do whatever we like to animals. They say that God gave us such a right, since it is written in the bible (Genesis 1:26) th ...
    Related: animal cruelty, animal experimentation, animal testing, cruelty, ultimate good
  • Animal Testing - 1,686 words
    Animal Testing Please Read This Warning Before You Use This Essay for Anything (It Might Save Your Life) Animal Testing Using animals for testing is wrong and should be banned. They have rights just as we do. Twenty-four hours a day humans are using defenseless animals for cruel and most often useless tests. The animals have no way of fighting back. This is why there should be new laws to protect them. These legislations also need to be enforced more regularly. Too many criminals get away with murder. Although most labs are run by private companies, often experiments are conducted by public organizations. The US government, Army and Air force in particular, has designed and carried out many ...
    Related: animal experimentation, animal liberation, animal rights, animal testing, testing
  • Article 2b - 1,404 words
    Article 2B A new law will probably be introduced into state legislatures which will govern all contracts for the development, sale, licensing, and support of computer software. This law, which has been in development for about ten years, will be an amendment to the Uniform Commercial Code. The amendment is called Article 2B (Law of Licensing) and is loosely based on UCC Article 2 (Law of Sales), which governs sales of goods in all 50 states. A joint committee of the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute is drafting the changes to the UCC. The UCC was drafted in the 1950s and currently governs the sales of goods but not products lik ...
    Related: legal remedies, joint committee, state laws, characterizes, reporting
  • Article 2b - 1,404 words
    ... consequences. Software is routinely released with many serious, known defects because companies seek short-term profits, while sacrificing long-term customer satisfaction, to meet ship dates. Companies fear being exploited by the competition if knowledge of the defects was released. A software defect is a material breach of the contract for sale or license of the software if it is so serious that the customer can justifiably demand a fix, cancel the contract, return the software, and demand a refund. If the defect is not material, then the customer is probably stuck with the program, and entitled to at most, a partial refund. Article 2B will make it easier for software publishers to refu ...
    Related: personal injury, uniform commercial, product design, stuck, developer
  • Asia - 1,308 words
    ... ried up. This financial crisis will probably lead to loss of confidence by investors in Thailand's economy and a slow down and then a slump would ensue, she predicted. Key Indicators to Watch Unemployment. Unemployment is already a problem, concentrated for the moment in urban areas, and affecting both skilled and unskilled workers in Asia. It is expected that in Thailand an estimated 900,000 workers will have lost their jobs by the end of 1999; in Indonesia, it is estimated that unemployment may have increased by some 2 million people, with predictions of substantial further rises in the coming months. In other countries with rigid rules governing hiring and firing, such as Korea, unemp ...
    Related: asia, east asia, economic downturn, government interference, fulfilling
  • Asian Crisis - 1,309 words
    ... debt dried up. "This financial crisis will probably lead to loss of confidence by investors in Thailand's economy and a slow down and then a slump would ensue", she predicted. Key Indicators to Watch Unemployment. Unemployment is already a problem, concentrated for the moment in urban areas, and affecting both skilled and unskilled workers in Asia. It is expected that in Thailand an estimated 900,000 workers will have lost their jobs by the end of 1999; in Indonesia, it is estimated that unemployment may have increased by some 2 million people, with predictions of substantial further rises in the coming months. In other countries with rigid rules governing hiring and firing, such as Kore ...
    Related: asian, asian countries, asian crisis, asian economy, asian financial, asian financial crisis, asian nations
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