Liabilities - Law Dictionary Search Results
partnership
partner's capital contribution compare limited partnership in this entry limited liability partnership : a partnership formed under applicable state statute in
obligation
a particular amount of money [does not create a debt, liability, or other , legal or moral "State v. Florida Dev.
Carrier
& 1 Wm. 4, c. 68), which protects carriers from liability in case of the loss of certain specified articles, e.g.,
discharge
Perillo"] b : to release (a debtor in bankruptcy) from liability for his or her debts 2 : to release from
acquit
: to discharge completely: as a : to release from liability for a debt or other obligation usually used in agreements
caveat emptor
to the condition of the property or goods compare products liability at liability, warranty
cession
by a debtor to a creditor b : transfer of liability by an insurer to a reinsurer c : transfer of
charge
in the indictment] 3 a : to impose a financial liability on [ the estate] b : to impose or record
comparative fault
comparative negligence at negligence compare contributory negligence at negligence strict liability at liability
defense
defense : a defense that shields the defendant from any liability and bars any recovery by the plaintiff compare partial defense
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