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Exact(36)
He estimated that the average person could buy $10 million of personal liability for $1,750 a year.
The idea of personal liability for bank executives is not as novel as it might seem.
Post-Enron, worries about potential personal liability for corporate malfeasance are also giving candidates pause.
Some might object that imposing personal liability for a firm's debts would curtail risk-taking.
Traditionally, names had unlimited personal liability for the business transacted for them by their underwriting agents.
Company directors should accept personal liability for publishing misleading financial statements.
Similar(22)
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.
This discussion started early on and in connection with the decision by KB bank to revoke personal liability of its staff members for loans they had taken to buy stock in the bank.
Aim for at least £1,000 baggage and belongings cover and personal liability of at least £1m.
"As such, he is facing personal liability both for infringements that the court has already determined have occurred and for the further alleged infringements that will be addressed at trial," the statement said.
The "alter ego doctrine" allows the disregarding of a corporate entity and imposing personal liability on shareholders for corporate obligations when the individual and corporate personalities are essentially one and observing the corporate form would promote injustice or inequity.
More suggestions(16)
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personal income for
personal wealth for
personal hygiene for
personal place for
personal care for
personal issue for
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com