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What does Liability cap mean?

Updated: 9/16/2023
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Q: What does Liability cap mean?
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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 means liability?

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 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 does 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.


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What does LLC mean?

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What does liability in consequence mean of negligence mean?

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Mean of liability and ten examples?

a liability is what the business owes e.g. loans, bank overdraft, owing a supplier for inventory