liability limits

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• liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …   Black's law dictionary

• liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …   Black's law dictionary

• Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …   Wikipedia

• limitation of liability — Where one person is potentially liable to another as a result of negligence, contractual duties or otherwise, but wishes to limit his exposure for commercial reasons, he can agree with the other person that his potential liability or some element …   Law dictionary

• Occupiers' Liability Act 1957 — Occupiers’ Liability Act 1957 Parliament of the United Kingdom …   Wikipedia

• Corporate liability — In criminal law, corporate liability determines the extent to which a corporation as a legal person can be liable for the acts and omissions of the natural persons it employs. It is sometimes regarded as an aspect of criminal vicarious liability …   Wikipedia

• Nuclear Liability Bill — The Civil Liability for Nuclear Damage Bill 2010 or Nuclear Liability Bill is a highly debated and controversial bill which was passed by both houses of Indian parliament. The Bill aims to provide a civil liability for nuclear damage and prompt… …   Wikipedia

• Speed limits by country — Main article: Speed limit A road speed limit is the limit of speed allowed by law for road vehicles, either maximum limit or minimum limit. Speed limits are commonly set by the legislative bodies of national or local governments. Contents 1… …   Wikipedia

• product liability — Refers to the legal liability of manufacturers and sellers to compensate buyers, users, and even bystanders, for damages or injuries suffered because of defects in goods purchased. A tort which makes a manufacturer liable if his product has a… …   Black's law dictionary

• limited liability — noun the liability of a firm s owners for no more than the capital they have invested in the firm • Hypernyms: ↑indebtedness, ↑liability, ↑financial obligation * * * noun 1. : the liability of shareholders in a corporation or a limited company 2 …   Useful english dictionary

• Limited Liability —    The status of limited liability gives a business a legal personality separate from that of its shareholders and limits the liability of shareholders for the debts incurred by the business, normally to the amount of their investment. The… …   Encyclopedia of the Age of Imperialism, 1800–1914