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When rules and regulations are enforced to the point of absurdity for owners whose situations don't fit inside the typical box, it creates a liability for the association.
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Endorsement transfers the rights of the endorser to the new holder and also creates a liability of the endorser for payment of the amount of the draft if the drawee does not meet payment when the draft becomes due.
In its report, S.& P. said it was concerned about potential claims from customers of Lehman's London unit, which "could create a liability for Capco that exceeds the insurer's resources".
He said this created a liability for him as the property owner.
This also creates a liability nightmare for innocent nonprofits.
This creates a liability if quality measures are not met.
"But there is great disunity in the party, and the loss of Jesse creates a big liability for them".
"Mr. Stern's show has created a great liability for us and other broadcasters who air it," Mr. Hogan said.
Conversion to the new share class should not create a tax liability for most investors, the company said.
And we gave people license to do it by saying, "Look, as long as you're not creating a huge liability for the company, just go try a bunch of things, and then we can build on them".
But critics counter that such legislation creates a serious liability risk for companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com