In contrast, individual members of general partnerships are liable for all obligations of the firm.
Liability for all obligations would fall on whatever bank finances the project, he said.
That means in addition to your business assets, your personal assets--such as your savings, vehicles, and home--could be at risk because you have unlimited personal liability for all obligations of the business.
The idea that law's benefits must be accepted may not be a necessary condition for the validity of all obligations of fair play (Arneson 1982; Klosko 1992), but it is essential for any that aspire to be consistent with political voluntarism.
MR. ALLEN'S prescription includes systems for getting all obligations -- for work, home, hobbies -- collected and written down in one place.
The University is accountable to sponsors for meeting all obligations concerning research data, and for supporting an environment in which the objectives of its policies and principles are met.
Modern life, he complained, involved being introduced to far too many people: you'd meet a friend in the street, then a friend of his would stroll by, and before you knew it you'd have a new, unasked-for acquaintance, with all the obligations that entailed.
"I felt an obligation, for all the people who couldn't afford to be there," he said in an interview with Ed Schultz on MSNBC's "The Ed Show".
The move will allow the new owners to assume responsibility for all existing obligations of the Heart, effective immediately.
For all the demands of international obligation, they care for a daughter from Alagna's first marriage and Gheorgiu's orphan niece, whose parents were killed in a car crash.
At the time, Treasury officials concluded that the best option, if they ran out of borrowing authority, was to hold back on all of a given day's payments until they had enough money in federal coffers to write checks to meet all obligations for that day.
