vicarious liability

Also found in: Legal, Encyclopedia, Wikipedia

0.01 sec.

Contingent Liability

A liability that a company may have to pay, but only if a certain future event occurs. Usually, a contingent liability refers to the outcome of a lawsuit: that is, the company may have to pay a significant amount of money if it loses the lawsuit. Contingent liabilities are recorded under accounts payable; their existence may also affect the share price.

vicarious liability

The legal principle that persons who are in a position to control the actions of another will be held liable for any injuries caused by that other person.Liability does not rely on proving there was improper training, instructions, control, or supervision. Rather, it is imposed merely because of the relationship between the parties.Respondeat superior is one type of vicarious liability. In real estate, the concept is most often encountered in claims against an employer (construction contractor, property manager, and sometimes even real estate brokers) for the discriminatory actions of an employee.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			Vicarious Liability At common law, those who stood as "masters" over their "servants" were responsible civilly for the servant's torts, independent of fault. The "person" at federal law: a framework and a RICO test suite by Gerardi, Michael J. / Notre Dame Law Review Law firm Ralli acted on behalf of Mr Canham and sued the club which employed the security staff for vicarious liability. Attack victim wins pounds 9k by Evening Gazette (Middlesbrough, England) The policy warned, however: "Be sure you understand that you are not covered under this policy for the acts of certain people in your employment for whose conduct you are responsible UNLESS THEY ARE INSURED UNDER A SEPARATE PROFESSIONAL LIABILITY INSURANCE POLICY," in which event the insurer would pay the excess of the vicarious liability claim over the coverage provided by the other policy. NY: Nurse not covered Dr.-employer's policy: nurses should have their ... by Tammelleo, A. David / Nursing Law's Regan Report			Vertical Security Exchange Vertical Specialization Vertical Spread Vertical Third Page Vertical Union Vertrouwensman Vervallen Very High Frequency VES Vessel Vessel Ton vest Vested Benefits Vested Interest Vesting Vesting Schedule Veterans Administration Veterans Administration Mortgage Veterans Group Life Insurance VG VI Viager Viatical Settlement Viatical Settlement Company Viator vicarious liability Vice President Victory Bond Vida activa Vida economicamente ativa Vida residual de un bono Vida util Vida util estimada Video Conference Vie active Vienna Convention Vienna Stock Exchange Vietnam-Era Veteran Vietnamese Dong Vig Vignette Vigorish violation Virtual Bank Virtual Cooperation Virtual Corporation Virtual Currency Option Virtual Mall virtual office Virtual Private Network Virtual Reality			vicariance vicariance vicariant vicariant Vicariant event Vicariant specation Vicariant speciation vicariants vicariants vicariate vicariate vicariate Vicariate Apostolic of Eastern Shan-tung Vicariate Apostolic of Eastern Shan-tung Vicariate Apostolic of Northern Kan-Su Vicariate Apostolic of Northern Kan-Su Vicariate Apostolic of Northern Shan-si Vicariate Apostolic of Northern Shan-si Vicariate Apostolic of Northern Shan-tung Vicariate Apostolic of Northern Shan-tung vicariates Vicarii vicarious vicarious vicarious vicarious Vicarious by Nature Vicarious Contrast Material Excretion vicarious hypertrophy Vicarious Liabilities vicarious liability Vicarious liabilty Vicarious liabilty vicarious menstruation vicarious menstruation vicarious menstruation vicarious responsibility Vicarious Species Vicarious Trial-and-Error vicariously vicariously vicariously vicariously Vicariously liable Vicariously liable vicariousness vicariousness vicariousness vicariousness Vicarius Vicarius Christi Vicarius Christi Vicarius non habet vicaruim Vicarius principis apostolorum Vicarius principis apostolorum Vicarm Arm Language VICARP Vicars Vicars Vicars vicars apostolic

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.