Word: jointness
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...will be impounded. But I bet not every small-business owner fully gets that if you sign a personal guarantee for a loan or line of credit and your business ends up defaulting, everything you own can be seized, including your house, wedding rings and, in some states, joint bank accounts. Your wages can be garnisheed, as can your life-insurance policies. Bottom line: anything that looks juicy to the bank is up for grabs...
Among the legal oddities I learned along the way: banks usually require business partners to agree to something called joint and several liability, which may sound nice and fair but in reality means the lender may pursue just one of the partners for the entire debt. I also found out I had to sign a spousal consent only once, no matter how many times the line of credit increased...
...military camp teeming with men in fatigues. Word quickly spread that the invasion of U.N. troops had finally begun. When concerned citizens showed up at Sheriff Jim Weed's office, Weed grabbed the telephone and soon learned that the men in cammies were actually border-patrol officials conducting a joint operation with Canadian authorities. By then, though, panic had spread throughout the state, prompting phone calls from state senators and representatives. To this day, there are some patriots who still don't believe Weed's explanation. "I was accused by one person of being seen getting off a U.N. helicopter...
...It’ll be a joint decision between the House Masters and the Student Initiatives Committee,” SIC chair Mallika Khandelwal ’11 said of who will receive the funds. “I think at the end, it’ll depend upon the value that this event will provide to student life and particularly House life...
...fate. He had gone missing while out on a walk, a police officer told Gao's brother. On Jan. 21 Chinese Foreign Ministry spokesman Ma Zhaoxu said Gao was "where he should be," then later said he didn't know where exactly that was. During a joint press conference with U.K. Foreign Secretary David Miliband on March 16, Chinese Foreign Minister Yang Jiechi said Gao had been convicted and sentenced for subversion and that he had not been tortured. But it was unclear if Yang was referring to Gao's 2006 conviction or a new case...