In the case of tort liability, for example, the cases might be best explained by the principle that liability will only arise where the defendant's conduct has been unreasonable, i.e., that both harm to the plaintiff and unreasonable conduct is necessary for liability.
The risk may be voluntarily assumed, as in insurance contracts, or may be imposed by law, as in the case of employers' liability for wrongs committed by employees in the course of their employment.
Whereas, in the case of FAO, this liability is shown at its actuarial value (US$80.5 million), in the case of WFP it is shown as the addition of the actuarial value (US$10.8 million) plus the share of 1996-97 investment and investment income accruing to the WFP (US$2.6 million).
They can be recorded as expenses or sometimes, in the case of intellectual property, as liabilities, says Nir Kossovsky, the chief executive of Steel City Re, which assesses and insures companies' intangible assets.
Offshore-based and seldom market-listed, they can make their owners huge sums of money or, as in the case of Refco, hide enormous liabilities behind their discreet 'confidentiality'confidentiality
In the case of the chaebol, excess liabilities were reduced, while investments in financial assets rose.
In the case of the chaebol, excess liabilities were reduced, while investments in financial assets were increased.
If the physician is in the end convicted, he or she will face up to 5 years' imprisonment in the case of death claim and civil liabilities are also unavoidable [ 18].
At present, nuclear plant operators have limited liability in the case of an accident - under international agreements, any claim over £700m falls on the taxpayer.
She criticized the Vermont senator, as she does almost every day, for voting for a measure that protected gun makers and sellers against legal liability in the case of shootings.
