- principal`s liability
- legal obligation for the behavior of authorized agent
English contemporary dictionary. 2014.
principal`s liability
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LIABILITY — (Torts). Every person of full mental capacity, male or female (BK 15a), when causing injury to another person, is liable to the injured party for any damage which his negligent conduct causes the latter to suffer (see torts ), even a husband to… … Encyclopedia of Judaism
Principal (commercial law) — In commercial law, a principal is a person ndash;legal or natural ndash;who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui… … Wikipedia
principal debt — The original debt, as distinguished from liability enhanced by accruing interest. The primary liability. The obligation of a principal in a transaction. The obligation of a principal debtor, as distinguished from the obligation of his surety,… … Ballentine's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
Principal (criminal law) — Under criminal law, a principal is any actor who is primarily responsible for a criminal offense. [See, e.g., Superior Growers, 982 F.2d at 177 78; United States v. Campa, 679 F.2d 1006, 1013 (lst Cir. 1982).] Such an actor is distinguished from… … Wikipedia
Liability Swap — An exchange of debt related interest rates between two parties usually large corporations. In a liability swap, two currently identical (in nominal value) cash flows are exchanged. Usually a variable (floating) rate is exchanged for a fixed rate… … Investment dictionary
absolute liability — Liability for an injury resulting to another where no account is taken of the standard of care exercised, often called insurer s liability. 38 Am J1st Negl § 4. Criminal liability of which intent not an element. 21 Am J2d Crinn L § 91. Liability… … Ballentine's law dictionary
Corporate liability — In criminal law, corporate liability determines the extent to which a corporation as a legal person can be liable for the acts and omissions of the natural persons it employs. It is sometimes regarded as an aspect of criminal vicarious liability … Wikipedia
Vicarious liability — This article is about vicarious liability in private litigation; for vicarious liability in criminal law, see Vicarious liability (criminal). Vicarious liability is a form of strict, secondary liability that arises under the common law doctrine… … Wikipedia
