An adult is a person who has attained the age of majority, legally recognized as being responsible for their actions and capable of engaging in contracts and other legal responsibilities.
An attractive nuisance is a legal concept in the context of property law. It refers to a hazard on a property that is inherently dangerous and particularly alluring to children, causing the property owner to assume liability for any accidents that occur as a result.
Civil liability refers to the legal responsibility one individual has to another as a result of non-criminal actions, such as torts or breaches of contract. It encompasses the obligations and potential legal consequences that may arise in civil court.
In some states, Comparative Negligence is a principle of tort law providing that in the event of an accident, each party's negligence is based on that party's contribution to the accident.
A contingent liability refers to potential financial obligations that a business may incur due to actions of parties other than its own employees, notably when independent contractors are involved.
Criminal liability pertains to the culpability for an offense that constitutes a criminal act, causing harm to the government or society. Criminal acts are prosecuted by the state, and insurance generally does not cover criminal liability as it could incentivize unlawful behavior.
In the context of legal responsibility, the term implies the proportional assumption of liability by companies based on their market share, especially relevant in cases of product liability.
Liable means being legally responsible or obligated for something. It often relates to situations where a person or entity is required to uphold their part of a legal duty or may be subjected to penalties if they fail to do so.
Nonfeasance refers to the failure to perform a duty or responsibility to which one is legally bound, such as an unfulfilled contractual duty.
Coverage that protects an insured party in the event that their negligent acts or omissions result in damage or destruction to another's property.
Respondeat Superior is a doctrine in agency law that holds a principal liable for the acts of an agent. This principle is crucial in determining liability and legal responsibility in various business and professional relationships.
Strict product liability refers to the legal responsibility of all parties involved in the manufacture, distribution, and sale of a product for any damage it causes, regardless of fault or intention.
Vicarious liability is a legal concept where one party is held liable for the actions or omissions of another person, even if the liable party did not personally commit the act. This is often seen in employer-employee relationships, where employers can be held accountable for the actions of their employees performed within the scope of their employment.
