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Liability (financial accounting) a current obligation of an entity arising from past transactions or events Accrued liabilities and contingent liability; Current liability, or short-term liabilities are obligations that will be settled by current assets or by the creation of new current liabilities
It would be very surprising if our law drew the line between liability for ordinary negligence and liability for gross negligence. In this respect English law differs from civil law systems, for it has always drawn a sharp distinction between negligence, however gross, on the one hand and fraud, bad faith and wilful misconduct on the other.
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. [1] The value delivered to settle a liability may be in the form of assets transferred or services performed.
The actual affixes are त, तवत्, the क and उ being indicatory; they being कित् are liable to कित् affixes such as - कृतः, कृतवान्, भुक्तः, भुक्तवान्, in accordance with rule I.i.5, the force of indicatory उ to indicate that in forming the feminine of nouns ending ...
In collaboration with Church centric bible translation, Free Bibles India has published a Hindi translation online. In 2016, the New World Translation of the Holy Scriptures was released by Jehovah's Witnesses as a complete Bible translation in Hindi. [13] This replaced the earlier partial translation comprising only the New Testament. [14]
Google Dictionary is an online dictionary service of Google that can be accessed with the "define" operator and other similar phrases [note 1] in Google Search. [2] It is also available in Google Translate and as a Google Chrome extension. The dictionary content is licensed from Oxford University Press's Oxford Languages. [3]
Liability for one's own actions is governed by articles 1240 and 1241, [88] while other provisions of the code provide for vicarious and other sui generis forms of liability. In addition, liability in specific cases (e.g. product liability and defamation) have been provided for in separate statutes outside the code and in European Union directives.
In law, liable means "responsible or answerable in law; legally obligated". [1] Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.