For me the district institutions simply mean the
liability to pay fourpence halfpenny for every three acres, to drive into the town, sleep with bugs, and listen to all sorts of idiocy and loathsomeness, and self-interest offers me no inducement."
Berkley Professional
Liability, a Berkley Company, has expanded its product offerings to include a primary private company management
liability policy.
In general, a partner is allocated a share of a partnership
liability under Sec.
This definition abandons a longstanding practice of using the transaction price for an asset or
liability as its initial fair value.
The doctrine of
liability that essentially makes one party responsible for the misconduct of another is known as "vicarious
liability" There are a host of legal doctrines that can result in vicarious
liability in the alliance setting.
Sellers want to be free of environmental
liability after the sale, while buyers are reluctant to assume
liability for a potentially contaminated site.
Under this exception, a
liability is treated as incurred for a year if:
Once these are established, a risk reduction plan can be implemented to minimize the exposure as much as possible through administrative procedures; then consideration can be given to transferring the rest of the risk to an insurance company through the purchase of employee benefits
liability and fiduciary
liability.
"Many private companies are planning activities that may increase their exposure to management
liability risks," Lisa McGee, vice president, Chubb & Son, said in a statement.
Employers have been held to a strict standard of
liability, referred to as vicarious
liability, for the sexually harassing conduct of supervisors, enabling employees alleging they were the victims of sexual harassment to hold employers liable without the need to establish knowledge or constructive knowledge of the offending conduct and failure to remedy it on the part of the employer.
In fact, some states have exculpation statutes that shield directors from personal
liability for breaching a duty of care.
Since income taxes are generally self assessed, the primary uncertainty about the benefit is whether the taxing authority will assert a sustainable, post-filing claim that the enterprise owes an additional
liability. This is conceptually similar to other claims addressed by FAS 5.
