Fixed Liability - Law Dictionary Search Results

fixed liability

Matched in: Term fixed liability

of the shareholders in chartered banks is in most if not in all cases limited to some amount fixed by the charter, generally twice the amount of their shares. Under the (English) Companies Act, the liability may

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Breach of trust

of Chancery. In later times, however, the Court was not quite so astute in fixing honest trustees with liability for breach of trust as formerly; see Speight v. Gaunt, (1883) 9 App Cas 1. More recently, the

charge

to allege esp. as an accusation [crimes charged in the indictment] 3 a : to impose a financial liability on [ the estate] b : to impose or record as a financial burden or liability [ the

Geneva arbitration

Government admitted liability, and the only question was as to the amount of the damage which were ultimately fixed by the arbitrators at 3,229,166l. The five arbitrators were nominated by Great Britain, the United States, Italy, Switzerland,

marshal

marshall vt -shaled also: -shalled -shal·ing also: -shal·ling : to fix the order of (assets) with respect to liability or availability for payment of obligations ;also : to fix the order of (as liens or remedies) with

Agent

in accordance with the maxim, qui facit per alium facit per se, to fix him with the same liability in contract or tort as if he had done it himself. See BROKER, FACTOR, MERCANTILE AGENT, VICARIOUS RESPONSIBILITY,

Underwrite

Underwrite, means to agree to purchase (all or part of a security issue) usually on a fixed date at a fixed price with the purpose or plan to resell by means of a public offering, … of a public offering, UFITEC, S.A. v. Carter, 135 Cal Rptr. 607 (1977). The expression 'underwrite' signifies 'accept liability under'. Although normally the expression 'underwrite' is used in marine insurance but the expression used in Chapter III

Hire purchase

with an option of purchase in which a person hires goods for a specified period and at a fixed rent with the added condition that if he shall retain the goods for the full period and pay … he chooses he may at any time during the term surrender the goods and be quit of any liability for future installments upon the contract In the United States such a contract is generally treated as a

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