What Does Severally But Not Jointly Mean in an Underwriting? In underwriting, severally means that members of an underwriting group agree to buy a specific portion of shares but do not agree on joint liability, meaning that they are not responsible for the unsold shares of other members. What ...
but it may also be part of a written contract. This duty requires them to make decisions that are financially, ethically, and legally sound. These decisions should be made after taking all available information into account. Directors must act in a judicious manner that promotes the company...
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Amy, a renter, hosted a gathering at her apartment. Unfortunately, one of her guests slipped and fell, resulting in injuries. Amy was held legally responsible for the medical expenses and legal fees. Thankfully, her renters insurance covered the liability costs, protecting her from significant fi...
Are jailbreaking and rooting legal? Jailbreaking has been legal in the United States since the Digital Millennium Copyright Act was passed in 2010. The act grants users the right of root access to their phones, but there are still limitations. You’re legally responsible to abide by copyr...
Ultimately, if the charge-off account does belong to you, you’re legally responsible for paying the debt. Some collectors agree to settle for a reduced amount, and you might decide to pay the settlement amount. It’s best to consult with a debt attorney about the options available to you...
Landlordsare legally obligated to: Ensure the property they are renting out is fit for human habitation, posing no threat to the life, healthy, safety personal property or general welfare of its tenants. Provide the tenant with undisturbed enjoyment of the property, giving fair warning before any...
Getting into an accident without collision or comprehensive coverage is no fun either. But if you did damage to just your vehicle, at least you’d only be financially responsible for the value of your car. But if you’re responsible for an accident without enough liability coverage? That coul...
What does the term contributor mean on the FAFSA®? A contributor is anyone such as you, a spouse, a biological or adoptive parent, or a parent’s spouse who’s required to provide their information on a FAFSA®, along with their consent and approval to share their tax information from...
Subleasing can expose the original tenant to several risks, the most significant being financial liability. When a tenant subleases their rental property, they remain legally responsible for the terms of the original lease including the payment of rent. ...