Absolute Liability


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Absolute Liability

In law, the legal liability the owner of a property has for all damages committed by other persons on his/her property. For example, if a lumberjack working on Farmer John's property chops down a tree and it falls on Rancher Frank's barn, Farmer John may have the absolute liability to pay for Rancher Frank's new barn.
References in periodicals archive ?
In practice, banks will assume absolute liability to pay the beneficiary based on a valid claim under an LC and such an obligation has encouraged beneficiaries to accept the LC as a method of payment throughout the years.
Comparing Strict Absolute Liability to Absolute Liability with a Due-Diligence Defense.
The majority found that Giant Eagle had an absolute liability to pay the reward discounts.
The remaining pipeline companies under NEB jurisdiction will have absolute liability limits set through regulations.
We are not referring to the legal concept of absolute liability or saying that the business is guaranteeing the safety of all customers in all circumstances.
Thus, a violation of section 240(1) or the first five subdivisions of section 241 creates absolute liability.
It's at the point where it's absolute liability on the employer and [plaintiffs' attorneys] have found ways so that if you trip over your shoelace and fall, the owner is liable.
It suggests imputing absolute liability to corporate officers, relative to their degree of knowledge and control, by way of class-based administrative monetary penalties on the basis that such penalties would align the costs of liability with those best-positioned to avoid it, and thereby realign corporate incentives.
As early as page 6, Hensley claims that 'in 1969 the Holyoake Government had banned such visits [by nuclear powered vessels] pending US acceptance of absolute liability in the case of an accident.
A The motoring offence of using a motor vehicle without a vehicle excise licence is an offence of absolute liability, punishable by way of a fine.
This absolute liability rendered it almost impossible for someone to defend against such charges.