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A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.
because entrepreneurs are the only person who is liable in taking care of the business he may establish, whether the business will succeed or not.
1] ''smokers are liable to die young'' 2]''An increase in minimum wage will lead to inflation'' 3]''vandals of oil pipelines are life span shortners''
This is a good question, but the answer is not always clear. Up scale real estate in high priced areas typically charge for almost anything. As long as you do not sign a contract you are not legally liable to pay commission.
Enterpreneurs are the risk takers, who take their own money (or borrowed money under which theyre liable) to invest in a business or idea. Without them, individual firms would not exist, in which case they would be run by the state (which is the ideology of a socialist system).
If you paid according to an agreement and can prove it, the attorney couldbe liable for damages to you for unfair debt collection ro fraud.
Liable
The term severally liable means that a person, company, or place is responsible for the upkeep of an establishment, property, or service. If the person, company, or place is not following the responsibilities they are liable which means they can be sued for money.
It is called the verdict. In a criminal case it will be Guilty or Not Guilty. In a civil case it will be Liable or Not Liable.
The term severally liable means that a person, company, or place is responsible for the upkeep of an establishment, property, or service. If the person, company, or place is not following the responsibilities they are liable which means they can be sued for money.
Typically the person that rear-ends the car is the driver sited for the accident. Usually, for following too closely. It is very rare that the front driver is sited and/or held liable for the accident.
Negligent Entrustment
certifiy official
Liable and flyable. I'm not liable if it's not flyable or not reliable!Plyable, Liable,
No, a co signor would not be liable. A co-buyer would be liable.
Well, you'll be liable for the loan, but that's about it, unless you had something to to with the so-called "accident" (which is rarely accidental, and more often the result of negligence).
Vicarious liability or "respondeat superior."