Personal Liability - Law Dictionary Search Results
declaration
evidence declaration against interest : a statement made by someone unavailable as a witness that is against that person's own interests (as pecuniary or property interests) or may subject that person to liability compare admission, confession, self-incrimination
Guarantee
undertakes to be answerable to the promisee for the debt, default or miscarriage of another person, whose primary liability to the promisee must exist or be contemplated. [The words 'debt, default or miscarriage' are taken from the … India, Art. 366(13)] Guarantee, is in collateral engagement to answer for the debt, default, or miscarriage of another person, a promise to another as debtor to secure the payment of a debt payable to him, Stroud's Judicial
Supra protest
after 'protest' (se PROTEST). There may be either acceptance or payment of a bill of exchange by a person other than the drawee or acceptor or other person liable, after it has been protested for non-acceptance or … supra protest for honour,' i.e., for the honour or in relief of the person liable. The rights and liabilities o the parties are regulated by the Bills of Exchange Act, 1882, ss. 65-68; and see Byles on
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Judicial Act
facts and circumstances and imposing liability or affecting the rights of others. It must be that of a person or persons who have legal authority to determine questions affecting the rights of parties and in a judicial
Defendant
or indicted for a misdemeanour. It includes-- (i) any person from or through whom a defendant derives his liability to be sued. (ii)any person whose estate is represented by the defendant as executor, administrator or other representative. … Defendant [Deft. Abbrev.], the person sued in an action, or indicted for a misdemeanour. It includes-- (i) any person from or through whom
Abandonment
by it, to abandon the slave or animal to the person injured, and thus relieve himself from further liability. As to abandonment of a building contract, see Sumpter v. Hedges, (1898) 1 QB 673, and Hudson on … of the contract for all purposes., Black Law Dictionary, 7th Edn., p. 1. The relinquishment by an assured person to the assurers of his right to what saved out of a wreck, when the thing insured has,
Policy of insurance
like provision in regard to marine policies. See also CHOSE. It includes: (a) any instrument by which one person, in consideration of a premium, engages to indemnify another against loss, damage or liability arising from an unknown
age of majority
age of majority :the age at which a person is granted by law the rights (as ability to sue) and responsibilities (as liability under contract) of an
alter ego
The concept of a legal alter ego is used primarily to hold the controlling parties of a corporation personally liable instead of limiting liability to the corporate entity.
company
company : a business organization whose capital is represented by shares owned by stockholders each of whom is personally liable for the company's debts limited liability company : an unincorporated company formed under applicable state statute whose
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