Liabilities - Law Dictionary Search Results
ultrahazardous
ultrahazardous : being of such extreme danger or risk of harm that strict liability will be imposed
trust
by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management called also common-law trust Massachusetts
sexual harassment
that the employer is liable under respondeat superior because of actual or constructive knowledge of the harassment. Strict liability is often imposed for harassment of an employee by a supervisor or for quid pro quo sexual harassment.
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tax preference item
: an item (as an amount of depreciation) favorable to a taxpayer in the ordinary computation of tax liability that is taxed in the computation of alternative minimum tax
suicide clause
suicide clause : a provision limiting the liability of an insurer to a return of net premiums paid if an insured commits suicide within a stipulated
step transaction doctrine
law: a series of separate but related transactions may be viewed as a single transaction and the tax liability may be based on that transaction rather than the individual transactions in the series
statutory employer
business and who is liable for workers' compensation according to a statute establishing such an employment relationship or liability
state action
state efforts to displace competition with regulation or a state-supervised monopoly NOTE: Such efforts are immune from antitrust liability.
special duty doctrine
special duty doctrine : an exception to the public duty doctrine that imposes liability for injury on a government entity when there is a special duty owed to the plaintiff but not
simulation
of effect may not be asserted against third parties, such as creditors or bona fide purchasers, to avoid liability.
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