LIMITATION-OF-LIABILITY ACT

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LIMITATION-OF-LIABILITY ACT

limitation-of-liability act. A federal or state law that limits the type of damages that may be recovered, the liability of particular persons or groups, or the time during which an action may be brought. See FEDERAL TORT CLAIMS ACT ; sovereign immunity under IMMUNITY(1). [Cases: Shipping 203. C.J.S. Shipping ¡ì¡ì 471¨C472, 477¨C478.]
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