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  2. Liability - Wikipedia

    en.wikipedia.org/wiki/Liability

    Legal liability, in both civil and criminal law . Public liability, part of the law of tort which focuses on civil wrongs; Product liability, the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause

  3. Legal liability - Wikipedia

    en.wikipedia.org/wiki/Legal_liability

    A limited liability form separates the owner(s) from the business. The limited liability form essentially acts as a corporate veil that protects owners from liabilities of the business. [2] This means that when a business is found liable in a case, the owners are not themselves liable; rather, the business is.

  4. Legal liability of certified public accountants - Wikipedia

    en.wikipedia.org/wiki/Legal_liability_of...

    Common law liability arises from negligence, breach of contract, and fraud. Statutory law liability is the obligation that comes from a certain statute or a law, which is applied, to society. Recoveries from these liabilities vary by their source or “theory”. Some of these theories are:

  5. Product liability - Wikipedia

    en.wikipedia.org/wiki/Product_liability

    Under strict liability, the manufacturer is liable if the product is defective, even if the manufacturer was not negligent in making that product defective. Under a strict liability theory, the plaintiff merely needs to prove: the defendant manufactured, distributed, or supplied a product; the product was defective;

  6. Corporate liability - Wikipedia

    en.wikipedia.org/wiki/Corporate_liability

    A 2016 mapping of 41 countries’ corporate liability systems shows wide variations in approaches to liability, and that corporate liability is a dynamic area of legal innovation and evolution. [ 1 ] The term legal person refers to a business entity (often a corporation, but possibly other legal entities, as specified by law) that has both ...

  7. Strict liability - Wikipedia

    en.wikipedia.org/wiki/Strict_liability

    In tort law, strict liability is the imposition of liability on a party without a finding of fault (such as negligence or tortious intent). The claimant need only prove that the tort occurred and that the defendant was responsible. The law imputes strict liability to situations it considers to be inherently dangerous. [8]

  8. Secondary liability - Wikipedia

    en.wikipedia.org/wiki/Secondary_liability

    One of the theories widely accepted as a basis for liability in copyright infringement cases is vicarious liability. [7] The concept of vicarious liability was developed in the Second Circuit as an extension of the common law doctrine of agency – respondeat superior (the responsibility of the superior for the acts of their subordinate ...

  9. Limited liability - Wikipedia

    en.wikipedia.org/wiki/Limited_liability

    Limited liability is founded on the opposite principle and permits a man to avail himself of acts if advantageous to him, and not to be responsible for them if they should be disadvantageous; to speculate for profits without being liable for losses; to make contracts, incur debts, and commit wrongs, the law depriving the creditor, the ...