Search results
Results from the WOW.Com Content Network
In business and project management, a responsibility assignment matrix [1] (RAM), also known as RACI matrix [2] (/ ˈ r eɪ s i /; responsible, accountable, consulted, and informed) [3] [4] or linear responsibility chart [5] (LRC), is a model that describes the participation by various roles in completing tasks or deliverables [4] for a project or business process.
Respondeat superior (Latin: "let the master answer"; plural: respondeant superiores) is a doctrine that a party is responsible for (and has vicarious liability for) acts of his agents. [ 1 ] : 794 For example, in the United States, there are circumstances when an employer is liable for acts of employees performed within the course of their ...
Contributory liability holds the third party liable for the primary act based on the third party's relationship with the actual harm – either by enabling or by benefiting from it. As the court stated in Gershwin Publ'g Corp. v. Columbia Artists Mgmt. : “ "one who, with knowledge of the infringing activity, induces, causes, or materially ...
Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency, respondeat superior, the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability, or duty to control" the activities of a violator.
Where a financially wealthy party can be named or joined as a defendant, a plaintiff has a greater chance of recovering damages than when the defendants have very limited economic resources or are financially insolvent, or "judgment-proof". Opponents of the principle of joint and several liability argue that its use is unfair to many defendants.
The most advanced theoretical formulation in this body of work, however, is by Hurley and Hill (2003) and by Hill, Jordan, and Hurley (2015) who present a theory that accounts well for when belief sharing representation, delegate representation, trustee representation, responsible party representation, and party elite led representation will arise.
"Accountability" derives from the late Latin accomptare (to account), a prefixed form of computare (to calculate), which in turn is derived from putare (to reckon). [6] While the word itself does not appear in English until its use in 13th century Norman England, [7] the concept of account-giving has ancient roots in record-keeping activities related to governance and money-lending systems ...
There are two types of parties that can apply for a loan alongside the primary borrower: a co-signer and a co-borrower. In both situations, all parties are legally responsible for the debt that ...