The Act also erased liabilities owed to employees who would not have been covered by the Act as interpreted by the Department of Labor's regulations prior to the Court's decision.

Among them were several instances of the price the company paid to acquire franchisees being increased to allow the franchisee to pay the company for equipment fees or other liabilities owed to the company.

That deal helped eliminate some bank debts and other liabilities owed by Mr. Wright.

While these bubbles have burst, causing asset prices (e.g., housing and commercial property) to decline, the liabilities owed to global investors remain at full price, generating questions regarding the solvency of governments and their banking systems.

In 1985, U.P.I. filed for Chapter 11 bankruptcy with liabilities in excess of $40 million owed to more than 300 creditors.

The customer's checking account balance has no dollar bills in it, as a demand deposit account is simply a liability owed by the bank to its customer.

In economics, net wealth refers to the value of assets owned minus the value of liabilities owed at a point in time.

A debt crisis in Chile in 1982 was resolved when the Government assumed billions of dollars in liabilities owed by the nation's private companies.

This was tantamount to an exclusion of the liability otherwise owed by the indemnitee to the indemnifier in respect of the indemnitee's negligence.

Section 2(1) can have no application in these circumstances, since any liability owed to a third party victim who suffers the death or personal injury remains unaffected by the indemnity (Thompson).