Sentences with phrase «becomes liable»

If the corporation gets sued or otherwise becomes liable to third parties, the individual directors are generally held safe from personal culpability, since the law acknowledges that they are collectively acting in a designated role as «the operating mind» or embodiment of the corporate entity.

Simply stated, if you owe tax and you transfer property, money or other assets to a non-arms length person and the person receiving the assets does not pay fair market value consideration for the assets, then that person becomes liable for the tax you owe.

If an applicant's OFP claim is awarded, the other parent of the child becomes a liable relative under Social Welfare law and may be required - depending on his / her financial circumstances - to contribute to the Department towards the cost of the OFP payable to the first parent and the child (ren).

Consider however what happens if a tenant becomes liable for damage for causing a fire or water damage from a faulty tap or leak.

As an investor holding a bond, the corporation / government becomes liable to pay you a sum of money (as per the profits made) at regular intervals.

Your deductible is the amount that you agree to pay on a claim before the insurer becomes liable for any damages.

Inducing breach of contract is a tort in which the defendant becomes liable as an accessory to the breach of contract of another.

In these cases, the at - fault driver becomes liable for any damage or injury that results.

More importantly, as joint debtors each spouse becomes liable for the activities of the other, and each is responsible for making any payments.

Since they come with no preset spending limit, issuers face greater risks putting a card like this in the hands of someone who does not have a solid track record of paying back debts — they could potentially make many purchases which, when unpaid, the issuer becomes liable for.

If they do not then your employer becomes liable for the debt.

Since they come with no preset spending limit, issuers face greater risks putting a card like this in the hands of someone who does not have a solid track record of paying back debts — they could potentially make many purchases which, when unpaid, the issuer becomes liable for.

Your deductible is the amount that you agree to pay on a claim before the insurer becomes liable for any damages.

If they don't then the original author becomes liable to the publisher!

«Similarly, the decision by Philip Hammond to raise the price at which a property becomes liable for Stamp Duty Land Tax (SDLT) to # 300,000 for first - time home buyers on properties up to the price of # 500,000 is also likely to prompt discussions over how Land and Buildings Transaction Tax (LBTT) can be adapted to support first - time buyers in Scotland.

Each NAYS Coach receives $ 1,000,000 excess liability insurance coverage in case he / she becomes liable for an occurrence while coaching.

If a corporate U.K. Holder becomes liable to U.K. corporation tax on the disposal of ordinary shares or ADSs, the main rate of U.K. corporation tax (currently 19 %) would apply.

While these vendors may be entirely separate from the organization, if they commit violations on behalf of the company in question that company can also become liable.

This protects you from becoming liable for payment of your contractor's or subcontractor's premiums.

You can not become liable for any further losses no matter how «wrong» or how «out - of - the - money» you were when the Binary Option was executed.

If you take a distribution from a 401 (k) before age 59 1/2, you become liable for applicable income taxes and penalties.

If the Saxo Bank Group at any time and for any reason, should become liable for the loss of any person and / or entity, including without limitation, if any provision of this disclaimer is, or at any time becomes to any extent or in any circumstances invalid, illegal or unenforceable for any reason, the liability of the Saxo Bank Group shall be limited to such person's and / or entity's duly documented direct loss, which for the avoidance of doubt, and without limitation, shall not include damages for any incidental and consequential losses, damages for lost opportunity, damages for lost profit, statutory damages, nominal damages, punitive damages, restitutionary or disgorgement damages, damages for costs, including legal costs, and damages for any other indirect loss.

This can keep a wandering and curious neighborhood child from accidentally falling in; and you becoming liable.

- In the event that any exclusion or other provision contained in these Terms be held to be invalid for any reason and we become liable for loss or damage that could otherwise have been limited, such liability shall be limited to # 100.

This sounds reasonable but it is designed to warn off potential donors to fighting funds who may fear becoming liable to pay the very high costs of the organisation they are taking action against.

For example, we have seen how non-euro member countries, such as Britain, become liable through the small print for open - ended eurozone bail - outs until 2013.

agreement be held to be invalid for any reason and we become liable for loss or damage that could otherwise have been limited, such liability shall be limited to sums paid for the use of the service during the 12 months immediately preceding the accruing of the cause of action.

The bad thing is that the co-signer will become liable as well if you're not responsible with your payments.

Lastly, you will become liable for all fees associated with collecting the federally financed loan.

There are some cases where both partners can become liable for student debt incurred during a marriage, even if only one person's name is on the loan.

Depending on the terms of your agreement, the guarantor may become liable to pay back everything that you owe, not just the payments you have missed.

In the unfortunate event that you become liable for your spouse's loans after his / her death, you could consider loan consolidation to help repay the loans.

We often dream about big vacations, better bike or car, a better home etc., instead of buying them on EMI's and becoming liable to banks, it would be more prudent to restrict yourself and live a frugal life and invest money in SIP (in equity mutual funds) and buy all your dream home, car or bike or vacation etc. with the corpus at a better price without any risk.

If, before you were bankrupt, you lost the right to pay your council tax by instalments because you did not make the payments on time, you will have become liable to pay the whole year's council tax.

The guard dogs were eventually found to belong to Broward K - 9 / Miami K - 9 Services, but when Arellano sued, seeking compensation for her injury, «Miami - Dade Circuit Judge John Schlesinger ruled that once Arellano took in the dogs and broke up the fight, she became liable for her own injuries,» Ampel finished.

Before he had to go to parliment and becoming liable to perjury charges Phil Jones admitted the following: 1) There hasn't been any statistically signifigant Global Warming in 15 years 2) There has been statistically insitnifigant Global COOLING in the last seven years 3) That the 80s - 90s warming was very simular to the previous 3 warming periods 4) That there was a Medival Warming Period in the Northern Hemisphere at least.

If you sign a contract pro or con, and we do nothing, then those who do not want it then become liable for damages from co2 emissions.

But as an employer, you're the host of the holiday party, and if you provide alcohol to a guest who is already drunk, you may become liable if that guest causes any damage or injury.

For example, if an employment contract provides for less than the statutory minimum entitlements that result from terminating employment, then the employer will become liable for payment in lieu of reasonable termination notice at common law — often far exceeding the statutory minimums.

There is a case currently working its way through the Dubai Courts where a property developer may become liable for the purchaser's mortgage.

Directors can become liable for an obligation if the directors themselves agree to be responsible, for example by giving something like a personal guarantee for a loan.

Since Canac Kitchens had cancelled Mr. Brito's insurance coverage it became liable to pay Mr. Brito's STD and LTD benefits.

People who have parties or provide alcohol to guests, even those over 21 years of age, can become liable to the victim of an accident.

This is significant because then you can become liable for injuries to kids and adults on your property under the legal theory of premises liability.

Negligent surgeons and medical providers that «breach» their legal duty to the patient become liable for any resulting harm.

On what day did I become liable for unemployment taxes?

This is limited though: if either of you have breached the original contract and become liable (e.g. one of you owes the other heaps of money for damages), then those liabilities will remain.

However, if any parent approaches the group and requests (especially in writing, but verbal is practically as good) that their child (until the age of majority) not be allowed to attend the group, if the group allows the child to attend, the group may then become liable, especially if they encourage the child to ignore or defy the parent (s).

New regulations, which govern the process website operators must follow when informed about alleged defamatory comments on their site to avoid becoming liable for that material themselves, have also been passed by Parliament and will come into effect on 1 January as well.

This is because on the seventh day they become liable to notify; and then they have three days beginning with the day in which they become subject to the notification period, ie the seventh, eighth and ninth days, to notify the police.