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In a corporation which assumes all liability?
the business
What type of business structure liability is limited only to the assets of the business and does not extend to individuals?
Corporation
Are lease provisions a current liability or non current liability?
Non-current liability, all provisions are non current.
Is a vehicle a assets or liabilities?
For businesses and companies, vehicles can often be assets. However, for most individuals vehicles are a liability
What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
In a corporation assumes all liability?
the business
In a corporation which assumes all liability?
the business
What are the characteristics of a partnership?
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
What are the characteristics of a business partnership?
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
The person who assumes full co-ownership of a partnership including unlimited liability is a?
shareholder
Which philosophy do assumes that individuals will recognize humanities and obligastion as part of theirlife?
Capitalist
Can you have your car towed if you or the car are no longer insured?
Yes. The tow company assumes liability when they hook up, however, this is only in a liability sense. I would just call one, and ask them.
What is the responsibility of the Pension Benefit Guaranty Corporation?
If a company defaults on its retirement benefit obligations to its members or their dependents, the PBGC assumes liability.
Is the survivor of a joint checking account responsible for the deceased credit card debt?
Yes - if the account is in joint names, and one of the named people dies, the surviving person assumes all liability for the outstanding balance.
What does general liability cover?
The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.
What does general liability insurance cover?
The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.
A law that will not allow a person to escape liability for dangerous activities by simply?
Implementing a strict liability law for dangerous activities where individuals engaging in such activities are held accountable for any harm caused, regardless of intent or fault. This would prevent individuals from avoiding liability by claiming ignorance or absence of intent.
