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Actually, almost every guaranty is limited in some way. Virtually nobody gives an unlimited guaranty; there are always conditions of some kind, or other limitations. By the way, the word warranty and guaranty or guarantee are the same thing.
Even a "lifetime" warranty is considered limited to the expected "useful life" of a product, not your lifetime as owner. So for example I recently had the electronics of wall oven go out -- the warranty in the owner manual said the electronics had a "lifetime warranty". But the manufacturer knew from the model and serial number it was 13 years old. They said the useful life of the particular oven was 10 years, so the warranty was no longer good.
Almost every warranty excludes "consequential damage" too. So if the oven had caught on fire because the elecrtronics were defective and burned down my house, the manufacturer would at most cover the oven, but because "consequential damages are excluded" language was elsewhere in the warranty in the owner's manual, that let them off the hook for the fire. In this situation, the assumption is that I'll have fire insurance on the house, and if the insurance company pays me off, the insurance company might be able to sue the oven manufacturer, but it would have to prove the defect caused the fire, and then the manufacturer's insurance company might have to cover that!!! Lovely.
Wiki User
∙ 14y ago
The Royal National Institute of Blind People (RNIB) in the UK is an example of a company limited by guarantee. This means that the company's members agree to contribute a nominal amount towards its debts in the event of insolvency.
Wiki User
∙ 15y agoThe Society for the Promotion of Roman Studies is a company limited by guarantee.
See http://www.romansociety.org/.
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What is the proper noun give me a example sentence for company?
A proper noun is the name of a specific person, place, thing, or a title; for example:Rhonda F. Company DDS Andrea M. Company DDS and Associates, Canton, OHCompany Street, Wetumpka, AL or Company Street, Adrian, MIThe Coca Cola Company, Atlanta, GAStreet & Company (seafood restaurant), Portland, ME"The Company", 2003 movie with Neve Campbell, Malcom McDowellExample sentence: I purchased my watch at Tiffany & Company in New York City.
Can you give an example of comply?
Sure! An example of complying with a rule is following a speed limit while driving on the highway. In this case, you are abiding by the law and adhering to the specified speed limit.
What two important rights did the charters give the Virginia company?
The charters granted the Virginia Company the right to establish settlements in the New World and explore and colonize the region known as Virginia. Additionally, the charters gave the company the right to govern its colonies and enact laws for their administration.
Can you give a sentence using the word comply?
Sure! All employees must comply with the company's dress code policy.
Can you give an example of a sentence using the word privy?
I was not privy to the details of the confidential meeting.
Can you give me an example where you accomplished several tasks in a limited time frame How did you do this?
Give me an example where you accomplished several tasks in a limited time frame. How did you do this
Difference between an LLC and an LTD?
LLC-Limited Liability Company LTD-limited company: a company that is organized to give its owners limited liability or- A private company limited by shares is a type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth ...
What is an example where you accomplished several tasks in a limited time frame How did you do this?
Give me an example where you accomplished several tasks in a limited time frame.
Give an example of a private unlimited company?
wag1, a private unlimited company, erm Bangladesh biman McDonald's is not a private company, but traded on the New York Stock Exchange...Sandy's Hamburgers on Barton Springs in Austin, TX is a private company, but probably with limited liability, not unlimited....
What is the difference between a corporate guarantee and letter of comfort?
Corporate Guarantee bind under legal obligation in absense of fullfill the commitment of risk/obligation by subsidary company. A comfort letter is an amorphous obligation and is typically given in a situation where a parent company is unwilling to give a guarantee in respect of a subsidiary's liability.
Is Pounds Till Payday a payday loan company?
this is actually a site that refers you to a payday loan company. They take the application and then give it to several companies. They only give you information for the ones that they can guarantee an approval with.
How do you answer give me an example where you accomplished several task in a limited time frame?
By thinking!
Can you give me an example of a joint stock company?
wrist
What banks participate in providing a medallion signature guarantee in Wisconsin?
Most commercial banks in Wisconsin may be able to give a medallion guarantee. A good example of a bank that does this is the Bank of America.
Can you give me a sentence for guarantee?
I guarantee that I will deliver the package by Saturday.
What does ltd stand for?
Private Limited Company are on type of limited company. Thier business name ends in limited or LTD. In a business context, it is the abbreviation for "Limited", which in turn, is a short form of "Limited Partnership". The LTD designation is intended to give others who are doing business with the entity that at least one member of the partnership is a limited, rather than a general partner. In some countries it may be Limited Liability Liability Corporation, meaning about the same as "Inc." or "Corp." at the end of a corporate name in the U.S. in the UK a limited company is an entity in its own rights. There are various forms of limited companies. The company's memorandum and articles spell out what liability the directors and shareholders have should anything go wrong with the company or the company is wound up and the assets need to be divided. LLP is a modern form of a company were partners come together to form a Limited Liability Partnership (Companies Act 2006 UK).This type of company/partnership is used by solicitors. In specific contexts (such as performance of various sorts) it can also mean Life To Date. For example, "LTD, this mutual fund has achieved a 5% annualized return".
Can you give me a sentence with the word guarantee?
I can guarantee that this will be an epic adventure. Her new tools came with a lifetime guarantee.
