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Madison said, "The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse".
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The risk of shareholders ever being liable for the obligations of the trust beyond the value of their investment is now nil.
It added: "A final, and particularly important, reason is that such proceedings would weaken UBS's legal position in pending cases, regardless of whether the former management is ever found to be liable".
In this case we must determine whether, under California law, a school district may ever be held liable when, as a result [22 Cal .3d512] of school authorities' negligent supervision of students on school premises, a pupil leaves the school grounds during school hours and is subsequently injured by a motorist.
There is also a danger lurking in the new lower tax brackets: more people than ever are expected to be liable for the alternative minimum tax -- 2.4 million, Mr. Kess estimated -- and that is a compelling reason to assess your tax situation before year-end.
If you own an LTC policy from the mid-1990s or earlier, it's time to update it you may not have what you need and you may be liable for taxes if you ever collect benefits.
That means only a fraction of users ever get the warning, and only a fraction of them would ever see the inside of a courtroom, where they could be liable for penalties of $5,000.
"We may be liable.
shall be liable to..
Will I be liable for this damage?
Therefore the company cannot be liable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com