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Examples of personal liability exposures and how they give rise to legal liability?
examples of joint,several and individual liability of partnership firm
Examples of a long term liability?
Mortgage
Insurance Cross Liability what does it mean and give some examples?
I think iit means the participation in aliability I think iit means the participation in aliability
What does limited liability mean to corporations mean?
When an investor's liability is limited only to the initial investment
What do you mean by internal and external liability of the company?
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
What are the 3 categories of strict liability and can you give examples for each category?
The three categories of strict liability are: Strict liability for abnormally dangerous activities: Examples include blasting operations, keeping wild animals, and storing explosives. Strict liability for defective products: Examples include faulty car brakes, contaminated food products, and unsafe children's toys. Strict liability for ultrahazardous activities: Examples include nuclear power plants, toxic waste disposal, and handling of dangerous chemicals.
What are some examples of strict liability torts?
Strict liability torts are legal wrongs for which a person can be held responsible without the need to prove fault or negligence. Examples include product liability, ultrahazardous activities, and certain types of animal-related injuries.
Examples of the balance sheet equation?
Assets = Liability + Owner's Equity
What are some examples of unlimited liability in business terms?
Some examples are Union Bank of Blair. Blair, Wisconsin.
What is a liability account?
Liability Accounts record obligations of a business towards its creditors. Examples of liability accounts are Accounts Payable, Interest Payable, Wages Payable. These accounts appear on the balance sheet.
What does uncapped liability mean?
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
What are some examples of a partnership?
Unlimited joint liability General partnership etc. (There are more)
