Many Courts Have Ruled That IT Workers Are Not Liable

question 12

Short Answer

Many courts have ruled that IT workers are not liable for ____________________ because they do not meet the legal definition of a professional.

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Definitions:

Insolvent

A financial state in which an individual or entity cannot meet its debt obligations as they come due, or its liabilities exceed its assets.

Debt Payment

The act of paying back the principal and interest on borrowed money, typically according to a predetermined schedule.

Risk

The potential for losing something of value or the possibility of an adverse outcome.

Equity Funds

Investments that are made into companies by purchasing shares, thereby gaining an equity interest in the company.