Total Liabilities - Law Dictionary Search Results
King can do no wrong
Vidhyawati, AIR 1962 SC 933: 1962 Supp (2) SCR 989. Also this principle is on the verge of total abandonment, Pushpa Thakur v. Union of India, AIR 1986 SC 1199. … the principle 'king can do no wrong' is not applicable. The Government is as much bound by criminal liability as an individual, Superintendent and Remembrancer of Legal Affairs v. Corporation of Calcutta, AIR 1967 SC 997: (1967)
loss
monetary detriment that is suffered or will be suffered as a result of an act or event actual total loss : a loss in marine insurance in which the property (as a vessel or cargo) cannot be … occurrence of a stipulated event (as death, injury, destruction, or damage) in such a manner as to create liability in the insurer under the terms of the policy NOTE: As a general rule, economic losses are deductible
Dividend
sum paid to or received by a shareholder proportionate to his share-holding in a company out of the total sum distributed, C.I.T. v. Nalim Behari Singha, AIR 1970 SC 388 (389): (1969) 2 SCC 310. … share of a bankrupt's estate or on the winding-up of the company, of its assets. As to the liability upon a company in respect of a dividend when the warrant for it, having been duly posted, is
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Workmen's Compensation Act
of death of a workman who leaves dependants on his earnings is from 200l. to 300l., and the total amount of compensation payable, 600l. (s. 8). The procedure is not by way of action, but is by … other tort at common law or by statute (see COMPBELL (LORD) ACTS (Fatal Accidents Acts, 1846-1908) and Employers Liability Act, 1880, sub tit. MASTER AND SERVANT), and an employer is not liable both for damages and compensation;
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