Examlex
AASB 102 on inventories does not apply to:
Agent's Torts
Refers to wrongful acts committed by an agent that result in legal liability for the principal under certain conditions.
Vicarious Liability
Legal responsibility assigned to one party for the actions of another, typically in employer-employee relationships.
Direct Liability
The legal responsibility that falls upon an individual or entity due to their own acts or omissions, without the need to involve the actions or negligence of another party.
Wet And Slippery
describes conditions that are moist or slick, potentially leading to hazards such as slipping.
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