Quotes About Liability

I make no promises and bear no liability for your lunacy, her clumsiness or any injury my unfortunate luck, uncharacteristic ineptitude or continual stupidity may cause. -- Chayden

Can you do this?" "So long as we don't get hit by a blast." He cut a meaningful glare to their pilot. "Hold it steady, Chay." "I make no promises and bear no liability for your lunacy, her clumsiness or any injury my unfortunate luck, uncharacteristic ineptitude or continual stupidity may cause." Nice legal disclosure. Rotten bastard.

I understand that I have become a liability to the very institutions and policies to which I have dedicated my career and, indeed, my entire adult life.

Medical liability reform is not a Republican or Democrat issue or even a doctor versus lawyer issue. It is a patient issue.

If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

The irony is that it was tougher to rent a car from Cerberus when it owned Alamo than to buy a semi-automatic. To rent a car, one had to provide ID, a drivers' license, and get insurance coverage. To buy a gun? Cash and carry, from the back of a station wagon at a gun show. No concerns about downstream liability or risk.

Maybe I should start with a question," he says. "Do you agree that inventory is a liability?" "Of course, everybody knows that. And even if we didn't know it, the last few months have shown to what extent inventory is a liability.

I have this thing called hereditary neuropathy with liability to pressure palsies. It's incredibly rare.

If an employer decides to flout the law, it may be guilty of criminal offences and subject to serious financial liability.

Gun manufacturers and companies are responsible for bad products. They are not responsible for bad people who use their products improperly.

Sole proprietorships and general partnerships provide no asset protection.

if an LLC had not been used the result would have been much worse.

you are better off not using a general partnership in the first place.

If the LLC was formed under California law, the attacker would have the ability to pierce through the LLC and force a sale of the buildings.

By contrast, limited liability companies, limited partnerships, and corporations offer much greater protection.

The sole burden of the partnership's debts fell upon Louise.

The shareholders, the investors in the corporation, were liable only to the extent of their contribution to the business.

The owners' liability is limited to the monies they used to start the corporation, not all of their other personal assets.

In an LLC, the members get the benefits of business debt

To obtain such protection it is important to sign any agreement as an officer of the LLC. By signing an agreement "Joe Doe" without adding "Manager, XYZ, LLC" you can become personally liable. The world must be put on notice that you are operating as an independent entity.

you don't want a lot of assets in one LLC (or LP). An LLC that holds ten properties is a much bigger target than ten LLCs each holding one property. In the first case, a fall at one property exposes the other nine properties to attack.

I don't own any stocks or bonds. All my money is tied up in debt.

If you look at the number of aldermen who have been prosecuted and found liable of federal crimes over the years... the common thread among all of them is doing something in the exercise of aldermanic prerogative or privilege.