personal liability
noun[U]
ukusLAW
thefactof aperson,ratherthan acompanyororganization, beinglegallyresponsiblefor something:
Undercertainconditions,trusteescan take outinsuranceagainstpersonalliability.
Examplesofpersonal liability
personal liability
By royal charter a monopoly was assured and a merchant'spersonalliabilitywas limited to the amount of his own investment.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Court decisions against the entity itself may give rise to unlimitedpersonalliabilityfor each and every member.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The directors, both past and present, are jointly and severally liable for the contractual debts and liabilities of thepersonalliabilitycompany.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It allows limited liability for general trading debts, but individual partners can not limitpersonalliabilityfor negligence.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The owner of the business has total and unlimitedpersonalliabilityof the debts incurred by the business.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Each partner has total and unlimitedpersonalliabilityof the debts incurred by the partnership.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.By 1861 the company was in debt by 60,000, all of which was thepersonalliabilityof the directors.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It does not cover the assured's personal property,personalliability, or medical expenses.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The husband had, through the medium of two companies, two businesses one of which had effectively failed leaving him with a heavypersonalliability.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Without lifting the veil there remains, however, nopersonalliabilityfor directors or employees acting in the course of employment, for corporate manslaughter or otherwise.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- statuette
- stature
- status
- status bar
- status-bar
- status divide
- status-divide
- status enquiry
- status-enquiry
- status hierarchy
- status hierarchy
- status-quo
- status-quo-ante
- status report
- status-report
- status symbol
- status-symbol
- status update
- status update
- statute
- statute barred
- statute-barred
- statute-book
- statute law
- statute-law