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The higher the discount rate you use, the lower the present liability appears to be, and the less cash one has to stump up immediately.
As stated in Scientific American: "No physician wants their patient to die because they didn't find an injury". We would add: especially in view of the present liability system!
This Article attempts to identify such features, theorizing that the limited empirical findings of the existing literature may be explained, in part, by the fact that the present liability system sets operable standards of care by deference to customary physician practices, which are themselves shaped by financial and other influences that already encourage excessive spending.
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"The system has more than enough cash through contributions and income from investments to meet our present liabilities, so we are in a good position to ride out the current downturn and come out stronger," Dear said.
Present liabilities and shareholders' ownership in the company on the right side or the bottom of the page.
Recruiting volunteer drivers from 118 home owners' associations and 17 churches presents liability issues.
LIABILITY The commission noted that the present $75 million liability cap for individual accidents is hardly enough to deter sloppy behavior.
These critical questions often tainted by protectionist concerns define the present intermediary liability conundrum.
This is particularly the case for companies that are so blinded by their domestic success that they fail to see that their origins present a liability.
We are to ask what are the elements, on the defendant's side, which must all be present before liability is possible, and the presence of which will commonly make him liable if damage follows.
But the most perplexing question in the Strauss-Kahn affair is how a career politician with ambition to lead one of Europe's most powerful nations was blinded to the possibility that his zest for sex parties could present a liability, or risk blackmail.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com