Sentences with phrase «personally liable»

There is an inaccuracy in Martin's statement ««independent contractors» essentially run their own businesses, dictate their own manner and method of work, and are themselves personally liable in the event they are negligent in performing their duties.»

However, while that may make it difficult for a litigator to find out who owns the property, it is not impossible and you would still be personally liable so all of your assets will be exposed if they do go to the trouble of determining who the beneficiary of the trust is.

If they sell the home within the first 10 years — that's right, 10 YEARS — they are personally liable to subsequent buyers for any defects in the home.

In addition, if you as an agent serve as a «withholding agent,» you may be personally liable for the full amount of FIRPTA withholding tax required to be withheld, plus interest and penalties.

Small closely held companies are more susceptible to this since you're name is on everything you sign and are more likely personally liable to creditors and contractors, and its easier for small LLC's to commingle assets.

When assuming a mortgage, a buyer becomes personally liable for the payment of principal and interest.

I do not recommend stiffing the association on the dues because you could become personally liable and end up with a judgment against you.

Perhaps the ultimate manifestation of the credit crisis in the legal arena is the increasing number of company officers and owners who are risking personally liable for the «deepening insolvency» of their companies, says Smith.

When representing a tenant client, why is it better to negotiate personal guaranty — which makes the business owner personally liable for debts and obligations — out of a lease in place of a larger security deposit or extra limitations?

Owner - builders who sell their home within 10 years of obtaining an occupancy permit are personally liable to purchasers for defects in the new home during that 10 - year period.

It is important to remember that each director may be personally liable at law for decisions.

Readers» comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly.

Mr Vincent expressed a general concern among representative bodies that not only was the protection of native title compromised by the lack of resources but also that the failure to provide sufficient funding to comply with the increased accountability requirements for representative bodies was unfair to office bearers of the representative bodies, who could be personally liable where they were unable to carry out their functions.

You further acknowledge and agree that, based upon explicit consent you provide for the service on the Site, you will take full responsibility and are personally liable for any consequences arising from your use of the Resume Posting Services.

is personally liable.

Of course, if we are using your car for the training, the car owner determines who can and who can not ride because the car owner's insurance is responsible up to the insurance limit and the car owner is personally liable for everything over the insurance limit including but not limited to the car owners entire estate and financial holdings.

If you caused a fire because you didn't bother with extension cord safety, you could be personally liable for all the damages!

If you're negligent, and that negligence caused injury to another person, you're personally liable for their medical bills and potentially other expenses, as well.

You'll also be protected, because you won't be personally liable for any problems that come up.

Only purchasing the state minimum coverage may not be enough to keep you from being held personally liable.

The premium you pay is well worth the cost in the event that someone is hurt while visiting you and you are held personally liable for it.

But if the landlord is solely and personally liable for a loss, your apartment insurance isn't there to cover his liability.

Perils include vandalism, theft, and even accidents that you might be personally liable for.

Split limit liability insurance is a more affordable option when you are looking into auto insurance, but the drawbacks include being personally liable for any and all expenses that exceed the limits you have covering you.

This is because you have more at risk to lose, so you want the insurance company to pay out more in a claim before you are personally liable to cover the rest.

There is no real concern that the insured will be personally liable for the claim because it is highly unlikely that the plaintiff will recover more than the policy limits.

And even worse, you will be held personally liable in the event of a car accident.

Rental car insurance does offer valuable protection for people that rent cars and want to make sure that they are not personally liable for damages to the vehicle.

You could be personally liable for the other driver's property damage and / or injuries, which could mean paying thousands and thousands of dollars.

If you're involved in an accident where auto insurance coverage doesn't pay the expenses for all injured parties, you may become personally liable and your assets may be at risk.

This means that you will be personally liable for all expenses and damages resulting from that accident.

It is important for you to know whether your insurance is sufficient to cover possible eventualities, as in some instances you may be personally liable for compensation which could run into huge dollar amounts.

If something bad happens on your property, whether you're there or not, you are personally liable for it.

In that case you may be personally liable for any damages the renter causes to people and property while in your vehicle.

It covers costs that you would otherwise be held personally liable for.

This means that you will be 100 % personally liable for any payments that would normally be covered by your insurer.

If your 25/50/25 insurance isn't enough to cover everything, you could be personally liable for the rest.

The owner of the insurance policy is personally liable for $ 20,000 in medical bills for the second person.

Once those limits are exceeded, you are personally liable for the costs of treating the injuries you cause.

If you have very low limits on your property damage liability coverage, you are personally liable for the amount over and above what your insurance pays.

You're still personally liable for amounts that exceed those limits.

The company stops paying when that limit is reached and you could become personally liable for further payouts.

Amounts that exceed the limits set by the state will have to be paid out of pocket as you will still be held personally liable.

It also provides a precedent (i) for holding the director of the corporate debtor personally liable for oppressive acts, and (ii) for claiming a large punitive damages award against an evasive judgment debtor.

A director or officer of a corporation is personally liable for up to two months» unpaid wages per employee if the director or officer held office when the wages were earned or payable.

Fans will recall the case brought against President Juan Laporta, in which Barcelona sought to hold Laporta personally liable for alleged losses during his mandate; however this claim was dismissed.

All of the common law provinces (and I'm going to assume Quebec) have legislation / regulations governing civil litigation which permit judges to hold the the litigants» lawyers personally liable for litigation costs.

I will bet London to a brick she doesn't have one which leaves her personally liable to the limit of her assets (i.e. until she goes bankrupt).

The C Corps biggest advantage may be in the «corporate veil», which keeps you from being personally liable to lawsuits against the Corporation.

Otherwise, board members can be held personally liable if the company becomes insolvent at a later stage.