After cash, I believe the liability section of the balance sheet is the most important section.
Although many toxic tort plaintiffs have brought actions under products liability theories holding manufacturers strictly liable for defective products, the liability standard is less clear in cases not involving manufacturers.
The invention of these limited liability corporations made possible the modern world: how they arise, and how they die, matters.
But it says that all liability ended after Texaco signed a remediation agreement with the Ecuadorean government and did its share of the necessary clean-up.
In establishing a limited liability company, the name pre-approval shall be applied for with the company registration authority by the representative appointed by all the shareholders or by the agent entrusted jointly by all the shareholders
Article100 Where conversion of a limited liability company to a joint stock limited company is approved in accordance with the law, the creditor's rights and liabilities of the original company shall be assumed by the joint stock limited company resulting from the conversion.
In the harmful accident of underage student, the school which are the liability subject should have subjective offence and act against objectively legal liability to the student.
We've already got in touch with the underwriter. But they have refused to accept any liability.
For them, a child may be a joy, a liability or an accident-but not an insurance policy.
The UN report came in the same week the European oil giant admitted liability for the first time under British jurisdiction for two big leaks in the delta.
But avoiding this direct liability may be of little help for the banking industry as a whole, since when SIVs cannot get funding, they are forced to sell assets.
An LLC provides the liability protection of an Inc corporation.
By extension, just as every debt is a liability for the borrower, it is an asset for the creditor.
Sections D, E and F discuss statutory and common law liability for cleanups of waste disposal sites and for personal injuries and property damages caused by toxic substances.
Although apportionment of response costs among responsible parties is appropriate under CERCLA when there is a reasonable basis for division of the harm, joint and several liability is the general rule.
It should be noted that liability insurance (or even a liability waiver) might not offer protection (or an affirmative defense) if a suit is filed.
But by far the most worrying contingent liability looming over America is its growing exposure to residential mortgages.
Ministers lifted the limit on university-tuition fees-but failed to foresee the race to the top of the new scale; that has left the exchequer, which underwrites the fees, with a big liability.
Licensor guarantees that Licensee shall not be claimed for product liability in relation to Contract Products.
It was more successful than anyone had expected but it still took four years for the liability guarantees to be lifted.
First, the author introduces some points at issue about strict liability, e. g. the deterrent of strict liability, the efficiency of strict liability, and the constitutionality of strict liability.
To thrive in the new environment the cloud is creating, says Cuneo, "tech people need to be versatile and well-versed in broader business issues like corporate strategy and legal liability."
"Where a limited liability company is Being converted into a company limited by shares, the creditors' rights and indebtedness of the original limited liability company are assumed by the company limited by shares after the conversion."
public liability [covered by the Block Insurance Scheme for subvented non-governmental organizations]
One of the priorities for the banks is ensuring top earners are not hit with a tax liability for the retention element of their bonus.
public liability insurance
Among the improper adjustments discovered by the investigators were the creation and release of accruals and reserves, the transfer of express accruals from one liability account to another, and the use of excess balances to offset unrelated expenses in later periods.
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