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单词 personal liability
释义
personal liability
noun[U]
uk
us
LAW
thefactof aperson,ratherthan acompanyororganization, beinglegallyresponsiblefor something:
Undercertainconditions,trusteescan take outinsuranceagainstpersonalliability.
(Definition ofpersonal liabilityfrom theCambridge Business English Dictionary© Cambridge University Press)

Examplesofpersonal liability

personal liability
By royal charter a monopoly was assured and a merchant'spersonalliabilitywas limited to the amount of his own investment.
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Court decisions against the entity itself may give rise to unlimitedpersonalliabilityfor each and every member.
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The directors, both past and present, are jointly and severally liable for the contractual debts and liabilities of thepersonalliabilitycompany.
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It allows limited liability for general trading debts, but individual partners can not limitpersonalliabilityfor negligence.
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The owner of the business has total and unlimitedpersonalliabilityof the debts incurred by the business.
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Each partner has total and unlimitedpersonalliabilityof the debts incurred by the partnership.
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By 1861 the company was in debt by 60,000, all of which was thepersonalliabilityof the directors.
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It does not cover the assured's personal property,personalliability, or medical expenses.
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The husband had, through the medium of two companies, two businesses one of which had effectively failed leaving him with a heavypersonalliability.
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Without lifting the veil there remains, however, nopersonalliabilityfor directors or employees acting in the course of employment, for corporate manslaughter or otherwise.
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Wikipedia
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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.
#https://dictionary.cambridge.org//dictionary/english/personal-liability##
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更新时间：2024/12/28 1:31:19