Unlimited Liability Puns

I am currently in the process of finding student accommodation for next year and I have been given a tenancy agreement for a property I am interested in. However one of the clauses regarding liability for damages seems a bit off:

"Any monies, excluding rental payments, which are payable under the Tenancy Agreement. Are deemed, Joint and Severally liable, and damages are deemed unlimited"

In the past liability for damages had been capped at a certain amount. Here it says that the liability is unlimited. Is this something that is relatively common or is it a red flag?

Before restricting trading, this stock had, and still has, unlimited upward potential due to the short squeeze. By halting trading, have they just exposed themselves to an equivalent amount of legal liability?

I know that in some form, selling calls can lead to theoretically unlimited liability if the buyer chooses to exercise the call you sold them. In another form, you just sell the contract, and the loop is closed, per your involvement.

My question is, if I buy a call option, then sell that call option, am I subject to any further exposure regarding that call option? Or am I totally "out"? I'm assuming that the part of the sell screen that says Selling to Close means that I'm done with the asset from that point on, but I just want to be sure.

I've read the guide in the RH app, and watched a few YouTube vids, but it's not clicking for whatever reason. Sorry for the simple question.

I’m doing business studies and I’m researching the features of BBC and I’m stuck on the liability question because it’s a public owned business. Thanks

Cheers Reddit!

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edit: stepping away from my computer for a bit, thanks for all the questions! I'll come back and answer those I didn't get to.

So after being in this subreddit for a while now I have noticed the ridiculous amount of misinformation regarding Unlimited Data Plans (UDP), and Assumptions of Liabilities (AOL). In an effort to help everyone get the facts straight, I'm happy to answer any questions any of you have in regards to the aforementioned. With that being said I want to get a couple of things out there.

 

1. AOLs are only possible to an account that is either a Business account, Corporate account, or a Personal account with an existing UDP. In the case of a consumer account without UDP, or a new Consumer account, the rep will be required to select a new option when the line is transferred.

 

2. You cannot avoid the price increase by creating a new "consumer-business" account, and then transferring your line to that account. The only type of business account that will not be affected is one with atleast five lines that also has an "ECPD ID."

 

Here is a copy/paste from the Verizon forum as to which accounts will not be affected.

> "Again, only unlimited data customers who are out of contract are affected at this time. > ECPD, CLEU and Government customers are not affected by the change. > If you have a really old plan, like a Legacy Alltel SmartChoice plan, where the unlimited data portion is built into the plan, you are also not affected."

 

3. While you will not stop the price increase, you can however transfer a UDP line to a new "consumer-business" account to take ownership of that line (if you are buying a UDP from someone else and want to transfer it into your name you may want to do this). Do note, however that you must have an EIN/Tax-ID in order to do this, and if you create one for the purpose of opening a Verizon account you will have to make a deposit of up to $400 per line in addition to possibly providing proof of your "business" in the form of power bills/rent bills and such.

 

4. If you are really hardcore and you really want to/want to know how to avoid the price increase read this.

To open a business account you need an EIN or Tax-ID. If you do not already have an established business you will pay up to a $400 deposit per line since they can see your business has no credit history. When you open your "business" account and have less than 5 lines on it it will still be considered a "consumer-business" account. Therefore it will still be subject to the increase.

 

Can somebody explain to me what is preventing an unlimited liability company that knows it is going to go insolvent converting to a limited liability company to avoid shareholders having to cover the debts of the company?

Hello,

I have been working at my current employer for a few years. I am on good standing as far as I know. Soon I will be converting from full time to a contractor for this same employer. The contract presented to me by my company includes an unlimited liability clause in the contract. I asked for it to be removed but I was told that the legal department can't/won't allow it to be removed.

What should my next step be? Ideally I'd like to continue working with my company. I haven't heard them having any issues with other contractors, so it seems safe, but agreeing to unlimited liability seems to go against everything I've read.

Thank you for any advice

I'm going to be ditching a grandfathered Verizon unlimited plan one way or another soon, with the $20 per line increase. I'm probably going to switch to Google Fi.

I'd love to sell the contract, a 2 person family plan, as they sell on ebay for many hundreds of dollars, however I'm really concerned that, due to the complex nature of the process, my wife and I will lose our numbers, which absolutely cannot happen.

So, has anyone else gone through the process and successfully (or unsuccessfully) kept their numbers? What is involved in that bit?

Q in the title. Not sure what else I have to say. I have great credit so I know I will get approved but my mom doesn't want me going to unlimited because she doesn't want to raise the bill another $30. She is tired of me changing my phones (as I like to have the newest and best thing and haven't decided on a phone until this past month with my Note 5).

Should I wait and try to talk her into it next year or would it be worth it to move to an individual plan? When I say worth it, I mean cost effective wise. I use 11-13GB a month and I'm simply worried about when the free 10GB data stash expires what I am going to do. Hence why I am thinking next year. If I knew the 20GB for $10 was going to expire, I would have upped my line on Saturday but no one warned us about that.

What do you guys do when you come up to a HIPAA BAA that has unlimited liability clauses? Do you just avoid medical clients in general, or do you have a customized BAA that does limit the liability that you go back to the client with?

Just wondering. Still have unlimited data from when I had my own account. Went on father in laws plan under sub account after I left my employer since he had a discount with his employer. Now due a falling out going back on Another persons plan under sub account. Should I be ok?

I tried to transfer mine away today, but I had no luck. I was wondering if anyone has successfully done one within the past week. I saw a post that was two weeks ago and was successful. I tried my best to set up my line in a similar fashion, but the reps that I got kept sayin the UDP would be cancelled when the line is transferred to someone else. The plan I have is a Nationwide Talk 400 w/ 1000 Text. On the same account is 2 lines with the more is everything plan. The account as far as I know is in good standing and has always been paid on time.

I will be canceling my unlimited data line regardless at the end of this pay period in order to save money in the long run. I was hoping to give someone else the benefit of this plan while getting a litte something for myself in return. Does anyone have any advice they can give me?

Sorry if repeat question. Moving from corporate acct to another corp acct, will I be able to keep my unlimited data?

So over the past week or so I've been looking for concrete answers of whether or not you're still able to retain an unlimited data plan on a phone line that is transferred to someone else via the assumption of liability process. The verizon support forums, support chat, howardforums, macrumors, and even this subreddit both were filled with very inconsistent answers. Some people say it still works, while some say it doesn't. To clear this up for everyone as of the date this is posted, YES it definitely is still possible.

YES: Unlimited data DOES transfer:

Now where I think the most confusion about this subject comes from is the lack of consistency between the call centers and the stores themselves. According to multiple reps who work the over the phone AOL department, the stores have different systems than they have in their call centers. And for some reason, the new systems in the stores do not seem to allow the unlimited plan to transfer. Over the phone is a completely different story as three different reps that I spoke with on different days all relayed this same basic story, and assured me that it does indeed transfer just fine.

Well today I put it to the test and took over a line of a friend that had an unlimited data plan attached, called up the AOL dep, asked the same general questions of what is and is not possible. It transferred without a hitch and is showing up as a line on my Verizon wireless account online.

YES: Individual plans CAN be converted to family plans.

Something else I also want to clarify is the fact that YES you still can convert a nationwide individual plan into a nationwide family plan. I'm going to assume this falls under the same conditions that stores cannot do this, but the AOL department can, which clearly they can as I had it done today.

I also chatted a bit with the rep who handled transferring the line for me after it was complete asking why there was so much inconsistency everywhere. Not surprisingly she said that Verizon really just wants to push as many people onto the share everything plans that they can. But she expressed that she likes to let her customers know that they still do have a choice to create a non-share everything family plan and keep/transfer unlimited data for the time being.

So if you're nervous about whether or not this strategy for gaining unlimited still works, I hope that my experience clears up any confusion regarding these two bits of information that seem to lack

Has anyone done this? I see quite a few grandfathered accounts on eBay. I want to jump ship to AT&T, so this option looks like it could be beneficial.

I have an old grandfathered unlimited data plan. I am still under contract but I've heard that I can do an AOL to someone else who is in search of Unlimited Data with VZW. Is this true? I just need to dump the line-- I don't have a use for it anymore.