This business finance key term is a legal obligation to repay or otherwise settle a debt. Liabilities are considered either current (payable within one year or less) or long-term (payable after one year) and are listed on a business’s balance sheet. A business’s accounts payable, wages, taxes, and accrued expenses are all considered liabilities. Liabilities […]
The right to due process is enshrined in the Fourteenth Amendment to the U.S. Constitution. Sometimes government employees have a property interest in their jobs and are entitled to due process before they can be fired. Among the lesser-known rights held by each American citizen is the right to due process. This means that the government cannot take away a […]
Lead can enter drinking water when service lines that contain lead corrode, especially where the water has high acidity or low mineral content that corrodes pipes and fixtures, according to the EPA. The most common problem in homes is the result of brass or chrome-plated brass faucets and fixtures with lead solder, from which significant […]
Eastern equine encephalitis (EEE) is an extremely rare but serious and often fatal infection that causes encephalitis or inflammation of the brain. It is spread by the bite of a mosquito infected with EEE virus (EEEV). EEEV can also infect a wide range of animals including mammals, birds, reptiles, and amphibians. To date, there are nine confirmed human […]
The Fair Pay to Play Act is a bill signed by California, Gov. Gavin Newsom. It would go into effect on January 1, 2023, allowing college athletes to hire agents and make money from endorsements. The measure, the first of its kind, threatens the business model of college sports. It has been a bedrock principle […]
Common law is a body of unwritten laws based on legal precedents established by the courts. Common law influences the decision-making process in unusual cases where the outcome cannot be determined based on existing statutes or written rules of law. The U.S. common-law system evolved from a British tradition that spread to North America during the 17th- and […]
Stare decisis is a legal doctrine that obligates courts to follow historical cases when making a ruling on a similar case. Stare decisis ensures that cases with similar scenarios and facts are approached in the same way. Simply put, it binds courts to follow legal precedents set by previous decisions. Stare decisis is a Latin term […]
Whistleblowing is a colloquial term for disclosing wrongdoing in an organization. Whistleblowing acts protect workers from being retaliated against by their employer if they make a ‘protected’ disclosure. President Barack Obama issued Presidential Policy Directive 19 (PPD-19), entitled “Protecting Whistleblowers with Access to Classified Information.” This legislation, signed by President Obama on October 10, 2012, ensures that […]
A tragic shooting occurred August 3rd, 2019, in El Paso, Texas at a local Wal-Mart, leaving 22 people dead. A mother and father, Jessica and Guillermo Garcia, who were both shot but thankfully survived, are now suing Wal-Mart and the shooter in a civil lawsuit for not having the proper security to help prevent such […]
Currently, the Michigan Senate is reviewing Senate Bill No. 477. This bill strengthens the penalties for employers who engage in payroll fraud. The current statute, Michigan Employment Law 1978, Act 390 (the “Act”), states at Sec. 15, “An employer who, with intent to defraud, fails to make payment of the wages and fringe benefits due […]