No, the liability exposure is the same.
Scott Baldwin has written: 'Product Liability Case Digest 2004-2005' 'Art of advocacy' -- subject(s): Instructions to juries, Examination of witnesses 'Product liability case digest' 'Supplement to The preparation of a product liability case'
in case of limited liability company the members are liable up to a specific amount or the capital invested by them but in case of partership the liability is unlimited and even the personal properties can be sold for paying up the credit in case of limited liability company the members are liable up to a specific amount or the capital invested by them but in case of partership the liability is unlimited and even the personal properties can be sold for paying up the credit
liability
liquidated damages are agreed amount of money in case something goes wrong in the fulfilment o f a contract while limited liability is liability to certain amount in case of things go wrong
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 liability where as the claimant can only claim damages as in the case of tortuous liability. There is more privacy in the contract in the case of contractual liabilities as the parties who are involved in the contract are the one who can actually sue for damages as in the case of ATKIN V SOUNDERS(1942) whereas in tortuous liabilities any one as a third party who had suffered losses or damages can claim compensation from the defendant.
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 liability where as the claimant can only claim damages as in the case of tortuous liability. There is more privacy in the contract in the case of contractual liabilities as the parties who are involved in the contract are the one who can actually sue for damages as in the case of ATKIN V SOUNDERS(1942) whereas in tortuous liabilities any one as a third party who had suffered losses or damages can claim compensation from the defendant.
A variable asset/liability and a commodity.
Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.
Attorney product liability is any attorney who can help in a case where a consumer has been injured or harmed otherwise by a defective product.
Date of Declaration
If they issue treasury bonds (in the case of the US Fed).