Sentence examples for double liability from inspiring English sources

The second sentence protects the surety from double liability.

Those legal changes had significant implications for bank managers, largely because of something called "double liability," a rule that put bankers at risk of losing up to double the value of their equity in a bank.

Nevertheless, conclude a pair of academics who gave the "double liability system" serious study (Jonathan R. Macey, now of Yale Law School and its School of Management, and Geoffrey P. Miller, now of the New York University School of Law), the system worked reasonably well.

Both have potentially lethal liabilities: Mr. Romney promulgated a Massachusetts health care law that many Republicans believe was a precursor to the plan enacted by President Barack Obama; Mr. Huntsman served as Mr. Obama's envoy to China, a double liability in the eyes of many conservative Republicans.

Thus, when the legislature imposes on railroad corporations a double liability for stock killed by passing trains, it says, in effect, that if suit be brought against a railroad company for stock killed by one of its trains, it must enter into the courts under conditions different from those resting on ordinary suitors.

Section 5 helps protect the promisor from double liability (having to pay two sets of damages for the same breach, one to the third party and one to the promisee) if the promisor breaches the contract.

"The sums recovered from shareholders under the double-liability system," they wrote in a 1992 Wake Forest Law Review essay, "significantly benefited depositors and other bank creditors, and undoubtedly did much to enhance public confidence in the banking system despite the fact that almost all bank deposits were uninsured". James Grant is editor of Grant's Interest Rate Observer.

These might well be used to circumvent current extradition procedures and, combined with the threatened abolition of "double criminal liability", will make it possible for a person to be sent to another country to be tried for an offence that is not considered criminal here.

It would double U.S. liability under the investor-state dispute settlement regime by empowering an additional 9,200 Japanese and Australian firms to attack our laws in foreign arbitration tribunals.

As for people using tunes obtained illegally, beware: Doubling the number of songs you download potentially doubles your liability.

The drastic devaluation of the peso in December 1994 more than doubled the liability in US dollars and offers an opportunity to consider the ability of the Trust to continue to support the notes.