liability

Earlier this month, the Burbank-based nonprofit filed for Chapter 7 bankruptcy in Delaware court, saying it had $284,823 in liabilities, which include staff member salaries, insurance payments and credit card debt.

“They’re going to naturally see that Australia is an asset, not a liability.”

David Levine, a professor of law at UC San Francisco, said Wednesday’s arrest ultimately didn’t seem to change the limited liability that public officials have in a fire through government immunity.

To make sense of where the economy might be headed, MGI constructed a “global balance sheet” of the world’s assets and liabilities.

In any case, the World Anti-Doping Agency applies a standard of strict liability to combat cheating.