Essays on Liability

Acknowledgment I would take this opportunity to thank the people who helped me in making this project which has been a learning experience. In that endeavor, first and foremost I would express my gratitude toward my professor of Law of Torts Ms. Manjula Batra. Her …

There are different organizational and governance models that guide the management of bank asset and liability activities. The models reflect fundamentally different risk philosophies that tend to evolve with the growing sophistication and depth of financial markets together with the position and activities undertaken by …

Increased liability of other professionals to nonprofits users of their services II. Lack of fairness of Imposing the burden of economic loss on Innocent financial statement users Ill. Assumption that expanded liability will cause auditors to improve their auditing procedures v. Auditors have the ability …

The American common law adopted the concept of strict liability in early 1960’s. They began to adopt the view that the sellers should bear the cost of injuries or defects in their products as they are in the best position to distinguish the risks associated …

A Limited Liability Company (LLC) can be defined as a business entity that incorporates some aspects of a corporation together with those of a partnership/sole proprietorship. The LLC is relatively a new concept in the United States which was geared towards helping small businesses have …