Advantages & Disadvantages of Strict Liability?

Answer In law, liability refers to legal responsibility. Businesses are liable to pay money -- called damages -- to individuals the company has wronged. Individuals who have been wronged by a company can ... Read More »

Top Q&A For: Advantages & Disadvantages of Strict Liability

Advantages & Disadvantages of a Limited Liability Corporation?

A limited liability company combines elements of a corporation such as limited liability protection with the informal operating structure of a partnership. LLCs have a separate existence from the m... Read More »

What is strict liability insurance?

If you manufacture products or engage in hazardous activities, you may need strict liability insurance to protect you against consumer claims. This type of insurance is essential for any manufactur... Read More »

List of Dangerous Animals for Strict Liability?

Strict liability in reference to animals means that the owner of the animal is responsible for damages and injuries that result from the owned animal, whether the damages are intentional, unintenti... Read More »

Disadvantages of Limited Liability Partnerships?

A Limited Liability Partnership, or LLP, removes the personal liability of its members from the mistakes that another member may make. So, if your LLP partner has a lawsuit filed against him, you w... Read More »