Liability that is determined to be against the public good or negiligent on behalf of a company or parties action. Any party that is assigned absolute liability may have to pay damages to effected parties.
ABSOLUTE LAW
Any law that follows the rules of nature and a law that is changeless. It may be an absolute law but in an abstract sense and not always exercised in actuality. See law of nature.
ABSOLUTE INTEREST
A clear profit or advantage. There are no stipulations placed on them. Vested interest is another term for this.
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