0
Cross liability, sometimes referred to as "Joint Liability"is an instance where more than one person or entity is considered liable for a loss or injury.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How does cross liability work?
Cross liability works as a severability of interest. These are clauses in commercial insurance contracts which means the policy applies separately to each insured party.
Insurance Cross Liability what does it mean and give some examples?
I think iit means the participation in aliability I think iit means the participation in aliability
Can parallel lines ever cross each other?
No, parallel actually means that the lines will never touch or cross
What is financial liability?
If you have financial liability, they you have to pay money if something goes wrong. Liability means you can be held responsible and financial means money.
How is a liability increased by a credit or debit?
Liability has credit balance as normal balance so credit increases the liability which means addition to current liability will increase the overall liability and reduction in liability will reduce overall liability.
What decreases an asset and liability?
Decrease in asset means being using of it decreases and liability decrease means payable of debts decreases.
What exactly is general liability?
General liability means that your friend has been found responsible for something. Liability is usually an insurance term, it means they pay for damages to other peoples property or self.
What does 'bulshit' mean?
A bull dog cross shitsu. Actually, it is a vulgar phrase that means "nonsense," "rubbish," or "a lie."
What means liability?
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
What is a register llc?
A registered LLC means "Limited Liability Company." Companies will always have this behind their name even if its a dba name. This means that they have limited liability and someone co-shares the full liability.
What is the difference between joint liability and joint and several liability?
Joint liability means the defendants each must apy their share. Joint and several liability means the plaintiff can collect all dammages from one defendant if the other defendants cannot pay.
Are intersecting and perpendicuular lines the same?
No. "Intersecting" just mean that they cross. "Perpendicular" means, specifically, that they cross at a right angle. Actually, in the case of segments, they don't even need to cross to be "perpendicular", but the lines that contain them would cross at right angles.
