This chapter includes contents: Discuss the importance and basic principles of property insurance, including types of exposure, indemnity, and co-insurance; identify types of coverage provided by home owner’s insurance; select the right home owner’s insurance policy for your needs; Analyze the coverage in a personal automobile policy (PAP) and choose the most cost-effective policy; describe the other types of property and liability insurance; choose a property and liability insurance agent and company, and settle claims.
Unbundling the deposit component of an insurance contract leads to the separate
recognition and measurement of the financial asset or financial liability arising under
the deposit component, and the insurance component of the contract.
If the deposit unbundling rules did not apply and the accounting policies of
the insurer or reinsurer did not require all assets and liabilities under the contract
to be recognised, liabilities might be incorrectly recognised as income and assets
The Affordable Care Act provides States with significant flexibility in the design and operation of their
Exchange to best meet the unique needs of their citizens and their marketplace. States can choose to
operate as a State-based Exchange, or the Secretary of the Department of Health & Human Services
(HHS) will establish and operate a Federally-facilitated Exchange in any State that does not elect to
operate a State-based Exchange.
The fair value of investments and other assets and
liabilities in foreign currencies is translated into the
Fund’s functional currency at the rates of exchange
prevailing at the period-end date. Purchases and
sales of investments, and income and expenses are
translated at the rates of exchange prevailing on the
respective dates of such transactions.
Similarly, policy documents may set certain limitations on the executive. For example,
the board may have a policy regarding finances that states the executive will not un-
reasonably risk organizational assets, including property, unnecessary liability, insuf-
ficient fund controls, or investing organizational surplus in insecure instruments. Or
the board may have a policy limiting the executive from imprudent business practices,
such as treating employees unfairly or choosing violating ethical standards relative to
the organization’s field of practice.
Nonfinancial and nonbank financial businesses raise funds in the money market primarily
by issuing commercial paper, which is a short-term unsecured promissory note. In recent years an
increasing number of firms have gained access to this market, and commercial paper has grown at a rapid
pace. Business enterprises—generally those involved in international trade—also raise funds in the money
market through bankers acceptances. A bankers acceptance is a time draft drawn on and accepted by a
bank (after which the draft becomes an unconditional liability of the bank).
This book addresses several aspects of the law and economics of intellectual
property rights (IPRs) that have been underanalyzed in the existing literature.
It begins with a brief overview of patents, trade secrets, copyrights, and trade-
marks, and the enforcement and licensing of IPRs, focusing on the remedies
available for infringement (injunctions, various forms of damages, and dam-
ages calculation issues); the standard of care (strict liability versus an intent-
or negligence-based standard); and the rules for determining standing to sue
and joinder of defendant for IPR violations.
Consequently, Seller shall have no liability for any personal injury, property damage or loss based on a claim that the product fails to give warning. However, if seller is held liable, whether directly or indirectly, for any loss or damage arising under this limited warranty or otherwise, regardless of cause of origin, sellers maximum liability shall not exceed the purchase price of the product, which shall be the complete and exclusive remedy against seller.
We cover your legal liability for any loss or damage to other people’s property
and loss or damage consequent upon damage to other people’s property
resulting from the use of your car during the period of cover. The use of a
caravan or trailer attached to your car is also covered.
We will pay up to a total of $20,000,000 for all claims arising from the
Any person using your car with your permission and who complies with the
terms and conditions of this policy is covered.
Your employer or principal is covered if you are driving your car in...
Chapter 17 - Holders in due course, defenses, and liabilities. After completing this chapter, students will be able to: State the characteristics of being a holder in due course, describe the special protection given to a holder in due course, define holder, explain the protection given to a holder through a holder in due course,...
(BQ) Part 2 book "Problem solving survival guide intermediate accounting" has contents: Cash and receivables; acquisition and disposition of property, plant, and equipment; depreciation, impairments, and depletion; current liabilities and contingencies; intangible assets,...and other contents.
(BQ) Part 1 book "The legal environment of business" has contents: Today’s business environment - Law and ethics, the court systems, trials and resolving disputes, criminal law and business, elements of torts, business torts and product liability, real and personal property, intellectual property,...and other contents.
Statements and opinions expressed in the chapters are these of the individual contributors and not necessarily those of the editors or publisher. No responsibility is accepted for the accuracy of information contained in the published articles. Publisher assumes no responsibility liability for any damage or injury to persons or property arising out of the use of any materials, instructions, methods or ideas contained inside.
I, the undersigned Participant in the Event, also indemnify and will keep indemnified the Council
and its officers against all liability for death, injury, loss or damage to any person or the property of
any person howsoever caused arising out of my participation in the Event, or arising from the
reasonable directions given by the Council Officer during the Event.
Temporary difference: a difference between the carrying amount of an asset or liability and its tax base. ─ Taxable temporary difference: a temporary difference that will result in taxable amounts in the future when the carrying amount of the asset is recovered or the liability is settled. ─ Deductible temporary difference: a temporary difference that will result in amounts that are tax deductible in the future when the carrying amount of the asset is recovered or the liability is settled.
Compliance with this document may require use of one or more features covered by
proprietary rights (such as features which are the subject of a patent, patent
application, copyright, mask work right or trade secret right). By publication of this
document, no position is taken by NATO with respect to the validity or infringement
of any patent or other proprietary right. NATO hereby expressly disclaims any
liability for infringement of intellectual property rights of others by virtue of the use
of this document.
Author does not make any warranty or assumes any legal liability or responsibility for the
accuracy, completeness, or any third party’s use of any information, product, procedure, or process
disclosed, or represents that its use would not infringe privately owned rights. Any electronic website
link in this book is provided for user convenience and its publication does not constitute or imply its
endorsement, recommendation, or favouring by the author.
Most people can remember where they were when news broke of a worldshattering
event, e.g. the assassination of President Kennedy or the death of
Princess Diana. As testament to a ‘sad life’ as a VAT consultant, I can remember
precisely where I was on 21 June 1988 (in my car and on my way to address a
meeting of the West Wycombe Women’s Institute) when the European Court
of Justice (ECJ) released its judgement against the UK’s zero rated treatment
of commercial property transactions.
Having your car involved in an accident or stolen is an unpleasant and worrying
experience. But when you insure your car with Just Car, we look after you.
We will pay for any accidental loss, damage and liability for property damage
covered by your Just Car insurance policy occurring during the period of cover .
When your car has been damaged, we will decide to repair it, pay the cost of
repairing it, declare it a write-off and pay the agreed value, or replace it. See
pages 12-17 for details.
If parts for the repair of your car are not available,...
Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized.