Liability Essays (Examples)

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Liabilities in the Case at

Words: 819 Length: 3 Pages Document Type: Essay Paper #: 67490583

ecause the $750.00 was given as a donation to the non-profit organization, it will be viewed as an asset. Since the preparation of the tax return was given in exchange for the donation, it is considered a gift and thus not an asset.

Next, one must inquire as to whether the firm of Good and Good's liability should be measured at out of pocket cost, at full costs, or at market value? As has previously been explained, if sued for professional malpractice, the court is most likely to hold Good and Good liable for the full amount of damages to Mr. Pinchpenny that was caused by their professional negligence. Thus, Good and Good's liability is likely to be measured at market value.

The final question that needs to be asked is whether or not any amount in excess of what the firm of Good and Good intended to contribute to…… [Read More]

Bibliography

Aspatore Books Staff. (2005): Professional Liability Law: Leading Lawyers on Strategies for Minimizing Risk and Increasing Success in Professional Liability Suits. Aspatore Books, Inc.

Chorafas, Dimitris N. (2001): Liabilities, Liquidity, and Cash Management: Balancing Financial Risks. New York: Wiley & Sons, Inc.

Frey, R.G.G., Morris, Christopher W. (1991): Liability and Responsibility: Essays in Law and Morals. Cambridge: Cambridge University Press.
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Starbucks the Short-Term Liabilities of Starbucks Are

Words: 702 Length: 3 Pages Document Type: Essay Paper #: 26867057

Starbucks

The short-term liabilities of Starbucks are $2.075 billion. The long-term debt is $549.5 million. Total long-term liabilities -- not the same thing as long-term debt -- are $899.7 million.

The market value of equity of Starbucks (market cap) is $31.17 billion.

The debt ratio of Starbucks is as follows: 2975.5 / 7360.4 = .404

The debt to equity ratio of Starbucks is as follows: 2975.5 / 4384.9 = 0.678

The short-term debt to equity ratio is as follows: 2075.8 / 4384.9 = 0.473

The short-term debt ratio is as follows: 2075.8 / 7360.4 = 0.282

The long-term debt to equity ratio is as follows: 899.7 / 4384.9 = .205

The long-term debt ratios is as follows: 899.7 / 7360.4 = .112

I believe that this debt ratio is healthy. There are two reasons for this. The first is that Starbucks has a low degree of leverage with a debt…… [Read More]

Works Cited:

MSN Moneycentral: Dunkin Brands (2011). Retrieved November 28, 2011 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?lstStatement=Balance&stmtView=Ann&symbol=DNKN

MSN Moneycentral: McDonalds (2011). Retrieved November 28, 2011 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?lstStatement=Balance&stmtView=Ann&symbol=MCD

MSN Moneycentral: Starbucks (2011). Retrieved November 28, 2011 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?lstStatement=Balance&stmtView=Ann&symbol=SBUX
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Accounting Contingent Liabilities Are Could

Words: 431 Length: 2 Pages Document Type: Essay Paper #: 37863849

Common buzz words management uses in regards to loss are, "Probable," "easonable," or "emote." Although these words can vary, management must be careful to provide an accurate account of the likelihood of loss and a reasonable estimate of loss. It is important to note that many contingent liabilities are not currently a liability but may become one in the event of adverse circumstances in the future. An example of an accounting journal entry for a contingent liability is listed below

Accounting Example:

A manufacturer of XYZ shoes provides products to various consumers worldwide. XYZ Company provides itself on excellent customer service. As such, it provides a one year warranty on its shoes. Using the company's proprietary information, they estimated that each shoe sod is equivalent to roughly $2 of warranty expenses. During the current year, XYZ Company sold 20,000 pairs of shoes. As it is probable that XYZ company will…… [Read More]

References:

1) Keenan, Denis.Accountancy; Jan1980, Vol. 91 Issue 1037, p91

2) Management Accounting: Magazine for Chartered Management Account; Jan97, Vol. 75 Issue 1, p10
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Warranties and Liabilities

Words: 1084 Length: 3 Pages Document Type: Essay Paper #: 51141097

Ethics, Legal, Politics Case Studies

WARRANTY AND ENVIRONMENTAL LIAILITIES

reach of Warranty. A warranty is a part of a contract of the sale of certain goods (Farlex Inc., 2014). It is either an express or implied assurance that the purchased good or item will perform at a certain level of efficiency. The warranty is express when the seller or manufacturer affirms facts about the item being purchased. An implied warranty is fixed and enforced by law, i.e., the product liability law. This law guarantees or protects product quality or suitability for use, and merchantability. The Uniform Commercial Code covers these and other warranties (Farlex, Inc.). A case of product liability can occur when the buyer suffers in any way from the use of the product as a consequence of reliance or trust in the product and its warranties (Rot Law, 2011). The injured person can make a breach of warranty…… [Read More]

BIBLIOGRAPHY

Clark, C.K. (1993). Due process and the environmental lien: the need for legislative reform. Vol. 20 Issue 2, Boston College Environmental Lien Review: Law Digital

Commons. Retrieved on May 20, 2014 from http://www.lawdigitalcommons.bc.edu/cgi?article=1423&context=ealr/Vol20/issue2/2

Farlex, Inc. (2013). Legal dictionary. Retrieved on May 20, 2014 from . http://www.legal-dictionary.thefreedictionary.com/Breach+of+Warranty

Justia U.S. Law (1991). 947 F. 2d 1509: Paul D. Reardon and John e. Reardon, plaintiffs,
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Hba and the Building Trade the Liabilities of a Professional Association

Words: 2949 Length: 8 Pages Document Type: Essay Paper #: 63063273

Non-Profit and for-Profit Ethical and Liability Issues

This paper examines the ethical and liability issues that non-profit corporations and for-profit businesses face, and compares them.

Non-Profit Corporations and For-Profit Business: Comparison of the Ethical and Liability Issues that are Faced by Both There have been a lot of scandals lately regarding large for-profit businesses. These scandals stem from both ethical and legal issues. Many of these scandals have resulted in lawsuits and even criminal proceedings against those who have been involved with them. The true extent of corporate liability is just beginning to be seen in our society. We are watching the large corporations of this country ever more closely now, in order to make sure that they are acting in an ethical manner. The corporations, for their part, are being extra careful in their actions and words, fully aware of the liability that they are under should anything they…… [Read More]

Accession no.:70437218).

WHEN MANAGED CARE FAILS TO CARE:[METRO Edition] (Jan 8, 2000).

Roanoke Times & World News p. A9 Roanoke Retrieved October 6, 2003, from ProQuest database. (Accession no.:47787202).
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Countertrade Advantages and Liabilities of

Words: 351 Length: 1 Pages Document Type: Essay Paper #: 5869075

Countertrading then is gaining in sophistication throughout developing nations' economies and becoming the foundation for procurement needs. The disadvantages of countertrading include the assigning of liability for the product on resale, interference between the countertrade contract and sales contract, in addition to currency fluctuation risks and pricing risks (Angelidis, Ibrahim, 2001). There are also the risks of non-performance the actual countertrade and the potential for fraud if these transactions are completed from long distances with relatively unknown trading partners.

eferences

Angelidis, J., Ibrahim, N (2001) Countertrading between United States and Western European firms: An empirical analysis of the benefits and pitfalls. International Journal of Management, 18(2), 252-259. etrieved February 5, 2008, from ABI/INFOM Global database. (Document ID: 76660806).

Kim, J., Choi, C., Millar, C., Hilton, B., Cheng, P (2006). Global sourcing partnerships and emerging MNC markets: a conceptual framework. International Journal of Services Technology and…… [Read More]

References

Angelidis, J., Ibrahim, N (2001) Countertrading between United States and Western European firms: An empirical analysis of the benefits and pitfalls. International Journal of Management, 18(2), 252-259. Retrieved February 5, 2008, from ABI/INFORM Global database. (Document ID: 76660806).

Kim, J., Choi, C., Millar, C., Hilton, B., Cheng, P (2006). Global sourcing partnerships and emerging MNC markets: a conceptual framework. International Journal of Services Technology and Management, 7(5/6), 463. Retrieved February 5, 2008, from ABI/INFORM Global database. (Document ID: 1169443071).
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Newcorp Legal Encounter What Liabilities and Rights

Words: 871 Length: 3 Pages Document Type: Essay Paper #: 45977850

NewCorp

Legal Encounter

What liabilities and rights do NewCorp and Pat have in this situation? What legal principles, such as statutory or case law, support those liabilities and rights?

NewCorp is liable to follow the guidelines of the handbook outlining how to deal with unsatisfactory employees, but they also have the right to dismiss an employee at will. Pat on the other hand, has the right to be informed about the indication of the problem and put through a corrective plan to improve his shortcomings before dismissal. Nevertheless, this is a case of implied contract where there is lack of clause clarifying that the policy is not intended to include employment affiliations (Cheeseman, 2010). The employment-at-will doctrine allows the employer to dismiss employ at will; however, in this case NewCorp violated their own guidelines showing poor ethics in the decision to terminate Pat's employment.

Wrongful discharge is supported by the…… [Read More]

References

Cheeseman, H.R. (2010). Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues . PrenticeHall.

Cheeseman, H.R. (2010). EMPLOYMENT, WORKERPROTECTION, AND IMMIGRATION LAWS. In Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues, Seventh Edition (pp. 486-510). Retrieved from University of Phoenix

Grossman, J. (2003, January 28). IF employers don't provide insurance covering fertility, are they guilty of sex discrimination? A federal appeals court says no. Retrieved January 26, 2009 from  http://writ.news.findlaw.com/grossman/20030128.html 

Jennings, M.M. (2006). Business: Its legal, ethical, and global environment. Mason, OH: Thomson.