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Baker Botts L.L.P. v. ASARCO LLC, 576 U.S. 121 (2015), was a United States Supreme Court case in which the Court held that Section 330(a)(1) of the Bankruptcy Code does not permit bankruptcy courts to award attorney's fees for work performed while defending fee applications.
Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.
Liability. Unless your business type is eligible for an LLP, functioning as a general partner means putting your personal assets at risk. A corporation, on the other hand, gives you liability ...
ASARCO Inc. v. Idaho Tax Commission, 458 U.S. 307 (1982), was a United States Supreme Court case in which the Court held that, in a state's calculation of income tax for a corporation from another state, the state cannot include income from the intangible assets of subsidiary corporations that have on connection with the state.
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...
The Uniform Partnership Act (UPA), which includes revisions that are sometimes called the Revised Uniform Partnership Act (RUPA), is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of business partnerships by U.S. States.
As a result, the city's liability coverage through the West Virginia Board of Risk and Insurance Management (BRIM) more than doubled, from $165, 000 to $342, 280. Now, BRIM wants out of Westover ...
Liability, on the other hand, will not be shared equally unless express provisions indicate such possibility. Each general partner is deemed the agent of the partnership. Therefore, if that partner is apparently carrying on partnership business, all general partners can be held out as partners for his dealings with third persons.
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