See limited liability. … [Read more...] about LIMITED PERSONAL LIABILITY
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LINEAL DESCENT
A straight line relationship by blood, such as grandfather, father and son and which may come into place when determining inheritence rights when a testator dies intestate (without a will). … [Read more...] about LINEAL DESCENT
LIMITED POWER OF ATTORNEY
See power of attorney. … [Read more...] about LIMITED POWER OF ATTORNEY
LINEAL HEIR
An heir who is a direct descendent. … [Read more...] about LINEAL HEIR
LIMITED WARRANTY
Usually in referene to a manufacturer's warranty for a product which is a written guarantee setting forth the limits of the scope of coverage and time limit for which the manufacturer guarantees that the product will operate properly. In the event of failure of the product, the limited warranty will typically limit the remedy to repair or replacement of a defective item. In … [Read more...] about LIMITED WARRANTY
