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: Enduring Liability refers to the fact that when suing a person for negligence you have a six years window from the date of the incident. When a child is the person who was injured due to neglect their parent or other adult can sue at any time on behalf of the child up until the child turns eighteen years of age. Once the child turns eighteen then the 6 year time limit begins. A child can sue up until the age of 24 years old even if they were injured when they were 6 months old when the injury occurred.
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What is liability economics?
what is meaning of liability in accounting
What is the meaning of name Ayaz?
Respected; Enduring
What is the meaning ofunforgettable?
Not forgettable; enduring in memory.
What is a word meaning legally responsible?
Legal Liability. Liability.
What is the meaning of outstanding liability?
The amount of liability which is yet to be paid as on the balance sheet date is known as outstanding liability
What is the meaning of transitory?
Continuing only for a short time; not enduring; fleeting; evanescent.
Meaning of carve back in liability insurance?
an exception
What is the meaning of W.L.L?
With Limited Liability in a business organization
What the meaning of liability?
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law., That which one is under obligation to pay, or for which one is liable., the sum of one's pecuniary obligations; -- opposed to assets.
What is the meaning of immune from liability?
= not responsible for If one is immune from liability then that person cannot be held responsible for the reason that person has immunity from.
What is the meaning of contigent liability?
I liability that may be incurred depending upon future event(s) Example- let there is a claim on a company existence of that liability is depends on decision of court so existence of that liability is uncertain so we can say that contigent liability is that liability which may occur or may not. ..
Does a debit decrease liability?
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.
