Different of tortious liability and contractual liability?

LAW. A tortious liability is related to the duty of care, and negligence of that duty, with respect to persons with whom there is no contractual liability. For example, if a person fails to maintain...

A tortious is related to the duty of care and negligence of that duty with respect to persons with whom there is no contractual liability.For example, if the person fails to maintain his property and...

Liablity assumed in a contract.

There is more freedom in contractual law where as in tortuous liability it is more of imposed nature. The claimant will receive compensation for damages and expected earnings in the case of contract...

Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company...