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Step closer, and China's breakneck speed has its liabilities, whether it's in the construction of a railway or a house in an alley.
To be sure, such discipline has its liabilities, and the dual careers of Lodge and John F. Kennedy constitute a mini-drama of American politics.
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Updated, 3 40 p.m. | A federal appeals court on Thursday found that New York City was negligent for the deadly crash of a Staten Island ferry in 2003 and cannot have its liability limited.
Every type of asset has its own natural liabilities, so keep those in mind when diversifying.
The doctrine of strict liability, sometimes called absolute liability, has its genesis in the English rule of Rylands v. Fletcher (1868), 3 H.L. 330, wherein strict liability was imposed on the defendant owners of land for harm resulting from the abnormal or nonnatural use of the defendants' land which arose when water from defendants' reservoir flooded the adjoining mine of the plaintiff.
Presumably trying to be the "perfect kid" has its own set of liabilities.
Yet stricter liability has its drawbacks.
Each state has its own requirements for liability insurance coverage.
In the civil-law system proper performance of these functions has its sanction in the personal liability of the heir for the debts of the decedent; if he takes steps to free himself of this liability, he has then to manage the estate like a common-law administrator or to hand it over to an administrator appointed by the court.
He argues that the company has exaggerated its liabilities and may not have needed to seek bankruptcy protection at all.
But a letter to Delphi's board, filed on Thursday with the Securities and Exchange Commission, Mr. Tepper said the company had overstated its liabilities and questioned whether it truly needed to file for bankruptcy protection at all.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com