A stockholder has limited liability for corporation debts. He or she has no personal obligation for corporation liabilities.

股东对公司的债务付有限责任，他们对公司的负债没有个人偿还的义务。

youdao

The liability of the carrier for the death of or personal injury to a passenger shall in no case exceed 175,000 units of account per carriage.

承运人对每位旅客的死亡或人身伤害的责任，在任何情况下对每次运输不得超过175000个计算单位。

youdao

The liability of the carrier for the death of or personal injury to a passenger shall in no case exceed 46,666 units of account per carriage.

承运人对每位旅客的死亡或人身伤害的责任在任何情况下每次运输不得超过46666计算单位。

youdao

You could borrowing millions with no personal liability, takes write offs based on the entire loan and not just the equity investment like today.

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In other words, there is no personal liability for the loan.

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You would have also been clued in that he borrows all the money for these investments via non-recourse financing, meaning no personal liability, and only hypothecating the wells as collateral.

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