Risk Utility Test - Law Dictionary Search Results
Home Dictionary Name: risk utility testrisk-utility test
risk-utility test : a test used in product liability cases to determine whether a manufacturer is liable for injury to a consumer because the risk of danger created by the product's design outweighs the benefits of the design ...
utility
utility pl: -ties 1 : fitness for some purpose or worth to some end 2 a : public utility b : a service or commodity provided by a public utility [paid for rent and utilities] ;also : equipment or material used in providing such a service or commodity [an easement limited to purposes of travel which does not include the right to install utilities "Ware v. Public Serv. Co., 412 A.2d 84 (1980)"] 3 pl : stocks or bonds of utility companies [utilities performed poorly] ...
Public utility
Public utility, means usefulness but it is often used to refer to a corporation that performs a public service. Hence rail, roads, airlines, bus lines, gas and electricity corporation are known as public utilities. Public utilities also means public purpose depending upon the context in which it is used in a statute, rules or regulations, Earth Builders v. State of Maharashtra, AIR 1997 Bom 148...
substantial capacity test
substantial capacity test : a test used in many jurisdictions when considering an insanity defense which relieves a defendant of criminal responsibility if at the time of the crime as a result of mental disease or defect the defendant lacked the capacity to appreciate the wrongfulness of his or her conduct or to conform the conduct to the requirements of the law called also ALI test Model Penal Code test compare diminished capacity, irresistible impulse test, m'naghten test NOTE: This test was first formulated in the Model Penal Code and has been adopted by many jurisdictions. ...
assumption of risk
assumption of risk :a doctrine that a person may in advance relieve another person of the obligation to act towards him or her with due care and may accept the chance of being injured ;also : an affirmative defense that the plaintiff cannot receive compensation for injuries from the defendant because the plaintiff freely and knowingly assumed the risk of injury and relieved the defendant of the obligation to act with reasonable care compare contributory negligence at negligence, volenti non fit injuria NOTE: Assumption of risk may be express or may be implied from the plaintiff's words and actions. Assumption of risk has been abolished in certain types of cases, such as workers' compensation cases. ...
Bio-survey and bio-utilization
Bio-survey and bio-utilization, 'Bio-survey and Bio-utilization' means survey or collection of species, subspecies genes, components and extracts of biological resource for any purpose and includes characterization, inventorisation and bioassay. [Biological Diversity Act, 2002 (18 of 2003), s. 2(d)]...
General public utility
General public utility, The words 'general public utility' contained in the definition of charitable purpose are very wide. These words, as held by the Judicial Committee in the case of All India Spinners Association v. C.I.T., (1944) 12 ITR 482 (PC), exclude objects of private gain. Sole Trustee, Lok Shikshana Trust v. Commissioner of Income Tax, AIR 1976 SC 10: (1976) 1 SCC 254: (1976) 1 SCR 863...
Object of general public utility
Object of general public utility, an object beneficial to a section of the public is an object of general public utility. To serve a charitable purpose it is not necessary that the object should be to benefit the whole of mankind or all persons in a particular country or State. It is sufficient if the intention to benefit a section of the public as distinguished from a specified individual is present, Ahmedabad Rana Caste Association v. CIT, AIR 1972 SC 273 (275): (1972) 3 SCC 475....
Utilize
Utilize, the 'utilize' means to make useful and the land was made useful in execution of the housing scheme to the extent possible, State of Uttar Pradesh v. Anghalia Housing (P) Ltd., AIR 1976 SC 704 (709): (1976) 1 SCC 958....
pure risk
pure risk : a risk that can only result in loss compare speculative risk ...
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