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 ?
Contract notice: Contingent liability / legal support under the program to invest in growth and employment, austria 2014-2020.
Given that bank managers and members of the board of directors were often large shareholders of the bank, in some cases required to be by law, contingent liability gave banks the incentive to be more prudent with lending by aligning the interests of the shareholders with the depositors.
Second, high levels of debt in the public sector in the UAE as a whole, along with its complicated and close linkages with the private sector, create a dependence that suggests a contingent liability for Abu Dhabi, as the wealthiest Emirate in the UAE.
A contingent liability is one that is not fixed; it does not become a liability until it becomes fixed or liquidated.
For loss corporations with NUBIL, the 338 approach treats the payment of a contingent liability as a built-in deduction, to the extent of such liability's estimate on the change date.
The clause frees the program from funding the contingent liability associated with termination costs that must be paid in the event that the contract is terminated.
What, then, should the company do with respect to including this contingent liability in its financial statements?
Monsanto no longer has the struggle with the determination as to the dollar amount of disclosure it need make for the contingent liability.
An estimated liability; or 3) a contingent liability.
Occupational Accident Policy Now Includes Optional Contingent Liability Coverage
Although in the past the government won a number of important victories in its ongoing attempt to stop abusive tax transactions, it has continued to lose on contingent liability transactions.