The Liability Standards for Intermediaries Model

NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.

NB: All your data is kept safe from the public.

Table of Contents

The Model Has a Significant Predictive Power
The Model Can Be Easily Accepted by the Intermediaries
The Standards Set Specific Rules to Follow
The Model Can Be Helpful when Resolving Various Legal Cases

The liability standards for intermediaries model have several major benefits which make this model more acceptable than the other models.

The Model Has a Significant Predictive Power

In other words, the model can secure big markets as the information provided by the intermediaries will meet specific standards. Intermediaries will be liable for the information they provide. Therefore, this incentive can make intermediaries more responsible. Admittedly, when the parties see specific standards to comply with and when they understand possible negative outcomes (their losses or even liability), they will be more concerned with providing truthful data. The predictive power of the model is one of its primary advantages.

The Model Can Be Easily Accepted by the Intermediaries

The Standards Are More Acceptable than Governmental Regulations

Admittedly, such standards, which are set by the intermediaries (those involved), make the parties more responsible. Of course, the laws set by governments are often regarded as unsatisfactory and intermediaries are often hostile to such laws and regulations. The regulations are often too inflexible. They often do not address the specific needs of market operations. However, the standards set by the major players are often seen as comprehensive, precise, and satisfactory.

The Standards Are More Acceptable than the Public Enforcement

Apart from this, these standards have enough authority. Unlike, public enforcement, these standards are set by the intermediaries who are more eager to comply with the standards than to obey some doubtful authorities. The standards combine the features of governmental regulations (they have enough authority) and they also possess features of public enforcement (they are not that strict). This combination is enhanced by the fact that the standards are set on the basis of the history of markets. Basically, the intermediaries’ experience is the basis for the standards. This is why the standards are seen as plausible and helpful.

The Standards Set Specific Rules to Follow

The standards bring specific orders which makes operations easier. The intermediaries can be sure that their operations are rather secured by the standards set. Besides, even if some standards do not prevent some negative outcomes, these standards can be used as an easy way to resolve the issue. It is always easier to identify the one who failed to meet some standards, instead of trying to accuse another party.

The Model Can Be Helpful when Resolving Various Legal Cases

The liability standards can also help to solve legal cases. It becomes clear which party is responsible. It is important to mention three major liability standards that can help to resolve legal issues.

Negligence: The plaintiff can try to prove that the intermediary was negligent and distorting the information provided. This will help to resolve the case quickly as it can be easy to show whether the intermediary revealed the information properly.
Reliance: The plaintiffs should also prove they used the information provided by the intermediary. This will ensure compliance with the standards. Thus, any party can sue another party, unless the former can prove it used the exact information provided. Thus, if one of the parties used sources other than provided by the intermediary, the latter is not responsible for negative outcomes.
Causality: Finally, the standards also secure the intermediaries’ responsibilities. Thus, if the negative outcomes were not caused by the information provided, the provider of the data cannot be responsible for the negative outcomes.

Thus, the advantages mentioned above confirm that the liability standards for intermediaries model are the winning one.

Click Here To Order Now!

The Liability Standards for Intermediaries Model

Do you need this or any other assignment done for you from scratch?

We have qualified writers to help you.

We assure you a quality paper that is 100% free from plagiarism and AI.

You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)