14 Our holding that Affolder's restriction on liability extends to misaligned drawbars suggests that, at least in this case, the absence of a failed coupling attempt is of no consequence.
The problem for economic analysis is that the duty restriction on liability is arguably incompatible with the goal of inducing individuals to take appropriate precautions.
The resolution of this matter of restrictions on tort liability is ultimately a matter of "practical politics". Palsgraf, 162 N.E. at 103 (Andrews, J., dissenting).
That is the course urged on it by the S.E.C. "Whatever the merits of creating categorical restrictions on primary liability for true secondary actors, such as an accountant, lawyer or bank," the S.E.C. argued, "such restrictions should not apply to those who are actually responsible for a fund's statements".
Limitation on Liability, Disputes.
· Restrictions on directors' civil liability for the content of their reports in annual statements.
To avoid any bank run, the sovereign money reform should add severe restrictions on banks' other liabilities.
Gov. James R. Thompson, a Republican who is up for reelection this fall, is an ardent supporter of tort revision, and favors caps on awards and restrictions on joint and several liability.
In addition, the panel is expected to favor restrictions on joint and several liability, and tighter regulation of the insurance industry.
Biggest liability: restrictions on foreign ownership of oil and natural gas producers and electricity distributors.
The remedies include protecting corporations from criminal and civil cases, imposing new restrictions on shareholder lawsuits, and capping the liability of accounting firms.
