In 1960, Brown & Bryant, Inc. ("B&B"), a now-defunct company, owned and operated an agricultural chemical storage and distribution facility located in Arvin, California on a 3.8-acre parcel of land. See United States v. Burlington North &...
joint and several liability
(LIIBULLETIN preview)
(Wex page)
Overview
When two or more parties are jointly and severally liable for a tortious act, each party is independently liable for the full extent of the injuries stemming from the tortious act. Thus, if a plaintiff wins a money judgment against...
(Wex page)
Respondeat superior refers to the legal doctrine generally used in tort law. Under the doctrine of respondeat superior, the employer or a principal could be held vicariously liable for an unlawful or unjust act of an employee or an agent. For...
(Wex page)
The Securities Act of 1933 was Congress's opening shot in the war on securities fraud. Congress primarily targeted the issuers of securities. Companies which issue securities (called issuers) seek to raise money to fund new projects or...
(LIIBULLETIN preview (pre-2014))
Consolidated with Burlington No. & Santa Fe R. Co. v. U.S. (07-1601).