Question
What does "tort"
mean?Solution
A tort refers to a civil wrong that causes harm or injury to another person or their property. It is a breach of a legal duty owed to someone else, leading to legal liability and potential compensation for the harmed party. Unlike criminal offenses, which involve violations of criminal law, torts are addressed through civil litigation in courts. In other words, a tort is a legal term referring to a civil wrongdoing that occurs when someone fails to fulfill their duty to another person, resulting in harm or injury.
The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before r...
What is the maximum default amount eligible under Pre-Packaged Resolution process?
Calculate the current Ratio from the above data:
What is the group borrower exposure limit for an NBFC-IFC in the middle layer as per the scale-based regulations (SBR) for NBFCs?
________ examines and evaluates a firm's or individual's financial records to derive evidence used in a court of law or legal proceeding.
Face value of each debt security or non-convertible redeemable preference share issued on private placement is reduced to ……………… by SEBI rec...
Based on level of activity or capacity utilization, there is a type of budget which is prepared keeping in mind one level of output. It is a budget whic...
Calculate the net profit margin based on above information?
According to the stipulations for reporting fraud, when is the Statutory Auditor required to forward a report to the Secretary, Ministry of Corporate Af...
With respect to the tax benefit for the Startups, consider the following statement:
I. Extension of the date of incorporation by one year for i...
