vicarious liability

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vicarious liability

Legal responsibility of a health care professional or health care institution for the negligent actions of its trainees and employees.
See also: liability
References in periodicals archive ?
Contingent liability / legal support under the program investment in growth and jobs 2014-2020 austria, fti ip 1b measure 2: innovation consulting and promotion and co2 ip 4b measure 1: business investment in renewable energy and energy efficiency, including consultancy services.
Historical evidence suggests that contingent liability reduced bank risk taking by giving bank managers and shareholders the incentive to do so.
The Liquidators will be unable to make an interim distribution until the quantum of the contingent liability has been established.
In summary, a contingent liability should be recognized in the income
Garlock, another Coltec subsidiary, transferred its contingent liability for asbestos claims, some assets and a $375 million note from another subsidiary to Garrison in exchange for common stock.
In October, the IRS announced proposed settlement options in three groups of cases: corporate-owned life insurance (COLI), 302/318 basis-shifting transactions, and contingent liability transactions.
The transferee corporation would assume a contingent liability (such as an environmental remediation liability that the transferor had not yet taken into account for Federal income tax purposes).
Plus, management can't delay recognizing a contingent liability until it gets to the point at which it can reasonably estimate a single amount.
Credit concerns include a high fixed-cost burden and the contingent liability for Westchester County Health Care Corp.
The IRS has been developing policies to attack a variety of tax shelters including the contingent liability shelter, in which a high-basis asset is transferred to a new corporation in exchange for stock in an IRC section 351 transaction.
A determination that a contingent liability is not the seller's responsibility (i.