aAn individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. 通过契约协定,同意补偿的个体或公司指定了损失、另一个个体招致的责任或者损伤。[translate] ...
What are examples of authority and responsibility in management? Explain how an employer can face contractual liability or tortious liability vicariously through the act of an employee. What differentiate strict liability from absolute liability and market share liability and how...
Contractual capacity is the ability for people to enter into contracts but does not apply to certain categories of people. Explore the definition and cases of contractual capacity and learn about the categories of minors, mentally disabled, and intoxicated individuals. Related to this Questio...
Subleasing also poses several risks for the subtenant, starting with the potential lack of legal protection. Since the subtenant does not have a direct contractual relationship with the landlord, their rights are limited compared to those of the original tenant. If the original tenant violates the ...
Novation is the act of replacing a contract with another contractual obligation, requiring the consent of all parties involved.
This provision, which remained in essence unchanged in its wording since the Treaty of Rome (Art.215.2 EEC), states in fact that: "In the case of non‐contractual liability, the Union shall, in accordance with the general principles common to the laws of the Member States, make good any ...
of the applicant (bank’s customer) don’t meet, the bank shall meet the contractual liability. One must note that the obligation to pay is not of the applicant but of the bank since the bank acts as the guarantor. BG contract is independent of the underlying transaction/contract that ...
Communication: Ratification of the act is required to be communicated to the other party. Lawful Act: The act which is being ratified must be lawful in the sense that it must not be void or illegal. Contractual Capacity:The principal, on whose behalf the act is performed, must be competent...
Here, the company transfers the risk to another party willing to accept it. This generally includes insurance companies that offer risk management techniques. However, threats such as those of criminal liability cannot be transferred. Risk exclusion ...
Loan syndication is the teaming up of multiple lenders to fund a singleloan. Each lender contributes a certain percentage of the loan and their liability is limited to their respective share. Loan syndication most often occurs when a borrower requires an amount that is too large for a single ...