| 单词 | limitation of liability |
| 释义 | > as lemmaslimitation of liability limitation of liability n. Law the limiting of legal or financial responsibility; esp. the limiting of the responsibility of shareholders for the debts of a trading company (cf. limited liability n. at limited adj. and n. Compounds); a limit of this kind as set or stipulated. ΚΠ 1833 Morning Chron. 29 June The Bill of 1828..was an exceedingly vicious one, as far as regarded the limitation of liability. 1854 Bankers' Mag. July 360 Mr. Charles Babbage, late Lucasian professor at Cambridge, is favourable to alteration promoting limitation of liability. 1879 W. Langton Banks & Bank Shareholders 5 The privilege of limitation of liability having been granted later on to Discount Houses, it could not consistently be refused to Banks. 1928 G. G. Reynolds Distribution of Power to Regulate Interstate Carriers iii. 121 Making the initial carrier liable to the shipper for loss or damage..regardless of limitations of liability in the bill of lading. 1979 Fortune 23 Apr. 22/3 Such privity—the appointment of an incompetent master, for example—may defeat limitation of liability. 2007 R. Pinkett Campus CEO iv. 69 A sole proprietorship is legally the same entity as its owner; in that regard there is no limitation of liability. < as lemmas |
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