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What is project execution bank guarantee?
The bank will be liable for the successful project execution
What is your liability of paying back a business credit card if it had a personal guaranty attached to it and the company has gone out of business?
You are completely liable. That's the point of the personal guarantee. When you agreed to that you destroyed the concept of a corporate shield and are completely liable for the debt.
I cosigned on an automobile loan and insurance for my son. Who is responsible if the insurance is not paid up and he gets in an accident?
As a cosigner, You are jointly and separately liable for any and all amounts that might arise out of the finance note you guaranteed.
Can the bank letter of guarantee be transferable?
I received a letter of guarantee from a bank in 2005 informing me of my liability as i went guarantour for my son in a business which was wound up.I never received an invoice or demand for payment.My son lost his home and another partner ,lost some properties he owned to pay the debt.The bank have not contacted me to say that i am no longer liable.
Who is liable for debt at marks and Spencers?
Liability for debt at Marks and Spencer typically falls on the company itself, as it is a corporate entity responsible for its financial obligations. However, individual liability may arise for directors or officers in cases of fraudulent activities or if they have personally guaranteed certain debts. In general, shareholders are not personally liable for the company's debts beyond their investment in shares. For specific situations, consulting legal or financial advice is recommended.
What is project execution bank guarantee?
The bank will be liable for the successful project execution
What is the liability for debt guaranteed by a spouse in Arizona?
In Arizona, both spouses are generally liable for debts guaranteed by one spouse, unless the debt was incurred for the benefit of only one spouse or the family.
Does eBay have a guarantee on purchases?
"Ebay itself does not have a guarantee to purchases. This is up to the individual seller whether or not there is a guarantee. However, most wil ot reimburse you for the return shipping."
What is the difference between limited liability and unlimited liability company?
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.
What is the difference between company and limited liability company?
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.
What is Difference between limited liability company and limited liability company?
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.
What is your liability of paying back a business credit card if it had a personal guaranty attached to it and the company has gone out of business?
You are completely liable. That's the point of the personal guarantee. When you agreed to that you destroyed the concept of a corporate shield and are completely liable for the debt.
How do judges normally rule on personal guarantees?
Normally judges takes strict action against personal guarantee and make then liable to pay the outstanding amount, whenever borrower default in his payment. Personal guarantor is the person who takes the responsibility of the dues unpaid by the borrower or not paid by the borrower.
What is difference between specific guarantee and continuing guarantee?
Definition of "Continuing Guarantee"A continuing guarantee is a guarantee where the guarantor assumes liability for any past, present and future obligations owed by a debtor to a lender or creditor. Even where the amount owing has been completely paid, the guarantor can still be liable under that line of credit if there is a subsequent indebtedness. Also known as a continuing guaranty. A common example is a guarantee for a revolving line of credit. specific guaranteeWritten undertaking to fulfill a specific obligation. Also called specific guarantee.
What is the difference between Bank guarantee and Counter guarantee?
A bank guarantee is a guarantee issued by the bank to the beneficiary that the bank will make payment in case the bank's customer does not make payment to the beneficiary or in case of non-performance of an obligation or contract. A counter guarantee is a guarantee taken by the bank from the bank's customer which ensures that the bank's customer is liable for any expenses including costs of attorney, any interest on delayed payment, taxes and other levies in case of invocation of the bank guarantee. It is a sort of security for the bank. It is always a good practice for a bank to take counter guarantee from its customer.
When can a child form mens rea?
In the jurisdiction of New south Wales, a child under the age of 10 years of age can NOT be held criminally liable for their actions. a child BETWEEN 10 & 14 years of age MAY be held criminally liable if the prosecution can prove that they knew what they were doing was criminal rather than naughty (this is referred to as doli incapax). A child over 14 years CAN be held criminally liable. These ages are in the eyes of the law able to separate those who have intent to commit the offence from those who do have the intent. For Your Information: Intent to commit the crime is the Mens Rea element of the offence.
I cosigned on an automobile loan and insurance for my son. Who is responsible if the insurance is not paid up and he gets in an accident?
As a cosigner, You are jointly and separately liable for any and all amounts that might arise out of the finance note you guaranteed.
