What is meant by joint and several liability? Why is this often considered to be a disadvantage
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
Joint and several liability means that a third party ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
The Legal Environment Today Summarized Case Edition
ISBN: 978-1305262768
8th Edition
Authors: Roger LeRoy Miller
Question Posted:
Students also viewed these Business Law questions
-
What is meant by joint control?
-
MULTIPLE-CHOICE QUESTIONS 1. Which of the following is not a reason that audit firms continue to experience high levels of litigation? a. Joint and several liability statutes. b. Class action...
-
What is meant by proportionate liability? Contrast this legal doctrine with the doctrine of joint and several liability.
-
Compute the stone's average velocity over the time interval [0.5, 2.5] and indicate the corresponding secant line on a sketch of the graph of h(t). A stone is tossed vertically into the air from...
-
Considering just the College of Business at your university, estimate each of the costs for processes. Make and justify assumptions about labor rates and other factors.
-
AutoIgnite produces electronic ignition systems for automobiles at a plant in Cleveland, Ohio. Each ignition system is assembled from two components produced at AutoIgnites plants in Buffalo, New...
-
The ratio of BP to IP is called (a) mechanical efficiency (b) thermal efficiency (c) volumetric efficiency (d) relative efficiency
-
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. Her store caters primarily to tourists passing through town on their way to Yellowstone...
-
How to compute to know if chintu should employ in house marketing or to simply koutsource this task? Chintu wants to ensure that her new business has a strong focus on corporate social...
-
John and Carroll Speedwell are in their late 20s and recently married. Both John and Carroll have saved diligently for retirement while single. Now the couple wishes to purchase their first home and...
-
What advantages and disadvantages are associated with the sole proprietorship?
-
What advantages do limited liability partnerships offer to entrepreneurs that are not offered by general partnerships?
-
Use a computer algebra system to find the Taylor polynomials Tn centered at a for n = 2, 3, 4, 5. Then graph these polynomials and f on the same screen. f(x) = cot x, a = ( / 4
-
What is the eccentricity for each of the given conics? Also, explain how changes in the eccentricity affect the curve. a. parabola b. ellipse c. hyperbola
-
Tell what the output value is for each of the function machines in Problems 15-20 for (a) 4 , (b) 6 , (c) -8 , (d) \(\frac{1}{2}\), (e) \(t\) 3x S X+X+X O +X+X __xx+x+x_x+x+
-
A parabolic archway has the dimensions shown in Figure 15.42. If we draw coordinate axes as shown, it can be shown that the equation of the archway portion is \[x^{2}=-4 c(y+3)\] for some constant...
-
If the path of a baseball is parabolic and is \(200 \mathrm{ft}\) wide at the base and \(50 \mathrm{ft}\) high at the vertex, write an equation that specifies the path of the baseball if the origin...
-
Which of the sets in Problems 3-14 are functions? \(\{(1,1),(2,1),(3,4),(4,4),(5,9),(6,9)\}\)
-
It seems counterintuitive that a cell, having a perfectly abundant supply of nutrients available, would commit suicide if not constantly stimulated by signals from other cells. What do you suppose...
-
a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....
-
Thomas worked in the nonmilitary operations of a large firm that produced both military and nonmilitary goods. When the company discontinued the production of nonmilitary goods, Thomas was...
-
A business has a backlog of orders, and to meet its deadlines, management decides to run the firm seven days a week, eight hours a day. One of the employees, Abe Placer, refuses to work on Saturday...
-
The framers of the U.S. Constitution feared the twin evils of tyranny and anarchy. Discuss how specific provisions of the Constitution and the Bill of Rights reflect these fears and protect against...
-
Identify a real-world situation in which you see game theory/strategic behavior in action. Explain the game: Who are the players? What are the strategies they have at their disposal? How are payoffs...
-
(a) If country C has a large commercial deficit (Imports>Exports) and wants to use MONETARY policy to reduce this deficit what does the country do? (b) What is the impact of this on foreign exchange?...
-
How is technology changing or might change Macy's company? What should the firm be careful to watch? Explain how technology might alter Macy's strategy now or in the future.
Study smarter with the SolutionInn App