Examlex
Stockholders are creditors of a company.
Strict-Liability Torts
Legal claims that impose liability on a party without a finding of fault, such as liability for harm caused by inherently dangerous activities or defective products.
Inherently Dangerous
An activity or condition is inherently dangerous if it naturally has potential to cause harm or damage without additional negligence or intent.
Precautions
Measures taken in advance to prevent harm or secure good outcomes.
Tort
A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.
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