Personal Liability - Law Dictionary Search Results
Debt
ward, Raja Ganga Pratap Singh v. Allahabad Bank Ltd., AIR 1958 SC 293: (1958) SCR 1150. Means any liability (inclusive of interest) which is claimed as due from any person by a bank or a financial institution … the case of an insolvent estate must be strictly reasonable and necessary only, the executor or administrator being personally liable for any excessive expenditure. What is a strictly reasonable and necessary sum varies with the circumstances of
Directors
retiring managing director, Normandy v. Ind, Coope & Co., (1908) 1 Ch 84; but they were under no personal liability except for fraud, as to the criminal liability for which see Larceny Act, 1861 (24 & 25 Vict.
Insurance
to say, the issue of, or the undertaking of liability under, policies of insurance upon the happening of personal accidents, whether fatal or not, disease, or sickness, or any class of personal accidents, disease, or sickness; (c)
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Law Reform (UK)
PROPERTY). The Act also modifies the law relating to restraint upon anticipation (see that title), abolishes a husband's liability for his wife's torts and ante-nuptial obligations (see HUSBAND AND WIFE); amends the law relating to joint tortfeasors … (after the 24th July, 1934) of any person against or for the benefit of his estate. See actio personalis, and by s. 1(2) it is enacted: Where a cause of action survives as aforesaid for the benefit
Indemnity
a writing under s. 4 of the Statute of Frauds in that the latter guarantee contemplates the primary liability of a third person. as pointed out by Anson on Contracts, a form of indemnity may be illustrated … Indemnity, a contract, express or implied, to keep a person harmless from loss which that person may incur by reason of some act, omission or event. It differs
privilege
right, from privus private + leg- lex law] 1 : a right, license, or exemption from duty or liability granted as a special benefit, advantage, or favor: as a : an exemption from liability where an action … privilege [Latin privilegium law affecting a specific person, special right, from privus private + leg- lex law] 1 : a right, license, or exemption from duty
Adoption
or consent or marriage, and the child assumes the same relation to the adopter, e.g., in regard to liability for the latter's maintenance, and natural parents are deprived permanently of their parental rights, and are required to … Adoption, an act by which a person adopts as his own the child of another. Until recently there was no law of adoption in this
exoneration
exoneration 1 : the act of disburdening or discharging (as from a charge, liability, obligation, duty, or responsibility) ;also : the state of being so freed 2 a : the right of … duty, or responsibility) ;also : the state of being so freed 2 a : the right of a person who has paid a debt for which he or she is only secondarily liable to be reimbursed by
Owner
vested the ownership, dominion, or title of property; proprietor. He who has dominion of a thing, real or personal, corporeal or incorporeal, which he has a right to enjoy and do with as he pleases, even to … charge of, and is responsible to, the company for the conduct of the business of the company. [Public Liability Insurance Act, 1991, s. 2 (g)] Means the person who lets or has let, delivers or has delivered
Breach of trust
violation was wilful, fraudulent, negligent, or inadvertent. A breach of trust subjects the trustee to removal and creates personal liability, Black Law Dictionary, 7th Edn., p. 183.
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