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SPECIAL EVENT LIABILITY APPLICATION Limits of Liability Form
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FAQs
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When I fill out a loan application form at a bank, how does the bank know if I am lying about my total assets and liabilities?
Your credit report has more than the score, because part of what makes up you score is the amount of liabilities and how they are handled. Liabilities that will show areCar payments and balanceCredit cardsDepartment store cardsStudent loansChild support/alimony Judgements And many more.For assetsBank statementsBrokerage accounts401k statements etc.If an applicant is sufficiently strong (20% down-payment and a few months mortgage payments reserved) then all assets are usually not verified.But as a mortgage broker I've even used a car and boat title to boost an otherwise shaky application. -
Does Quantum Tunneling pose a legitimate liability in real world applications? I.E: limits to sizes of transistors in microprocessors
Absolutely, the silicon industry went through tremendous drama introducing high-k dielectrics because the silicon dioxide layer under the gate became too thin. Tunneling current from gate to channel was set to destroy the generations of technology below about 45 nm. So we have been fully tunneling threatened for 45, 32, 22, 14 and 10 nm nodes. Without the high-k dielectric, scaling would have stopped.There is no magic here. The high-k dielectric gives about 5 times the capacitance per unit area for the same thickness or the same capacitance with 5 times the thickness. That’s 5 times the tunneling barrier width. A purely quantum mechanical solution for a purely quantum mechanical problem.Guess what, high-k dielectrics bought the silicon industry about a factor of 5 in gate oxide thickness (actually less but we’ll give them the benefit of the higher number). Oxide should be scaling by the same dimension as the “node”. So from 45 to 10 is about a factor of 5… hmm… what happens next?There are other places where quantum tunneling is now rearing its head but the gate oxide is still the biggest threat. -
Is it important to have statements of limited liability on the back of paper tickets for an event?
This is not legal advice: only a licensed attorney can give that. I am answering in the capacity of a business person’s general knowledge.Here’s what I think: you can disclaim liability all over the place. It sounds good and makes you feel better. Whether it does any good is probably debatable, but my sense of it is if the proverbial stuff hits the fan, you are going to be sued no matter what you print on the back of the paper ticket, and when they get you in front of a jury, well, that’s a crap-shoot at the best. I’m pretty much convinced that it would do about as much nothing to limit your liability.The attendee doesn’t acknowledge it, there’s no signed contract, the printing is probably too small to be read, they don’t get to see it until they buy the ticket. Kinda looks worthless to me.If you are going to limit your liability, you better have the attendee’s explicit written acknowledgement of that. You had better explain the risks in 4th grade English and have them sign that they understood it, and waived it. Anything else is just window dressing. For most events, that’s just not possible.Better get some good event insurance, and have a good risk management person review your operation carefully to identify anything that could go wrong and mitigate it before anything happens. You also need to train everyone involved so they know exactly what to do if the unthinkable happens. Go through all kinds of scenarios, from simple altercations to slip and falls, to whatever you could possibly imagine going wrong. Have a set, rehearsed protocol. Be prepared.Also, it really helps to have documentary evidence, so record everything. Put cameras everywhere. It will prevent the opportunistic folks and document the true accidents. -
How does one really limit their personal liability over the life of a business if it doesn't work out?
Form your company as either a C or Sub corporation. Always conduct your business under the corporation. Never mingle personal assets with the corporation and keep your corporate records up to date. If the business fails the IRS and other government agencies can pierce the corporate structure and look to you personally for payment.A good accountant and a good attorney should be on board early in your business planning. -
Is it legal for a limited liability partnership (LLP) to raise money in India in the form of donations?
Disclaimer : I'm not a lawyerAs long as I know, you can not use an LLP for not-for-profit activity. It has to be for-profit only. Donations generally mean that you are going ahead for not-profit which in this case would make it illegal. Make sure you prove your entity to be a commercial for-profit entity and then do business. For donations I may suggest you form a trust(making the LLP a trustee) to raise donations.You may want to go and talk to a lawyer before you proceed. -
How can I fill out the online application form of JVM Shyamli Ranchi?
Go to Jawahar Vidiya Mandir website
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