Common use of Client liability Clause in Contracts

Client liability. 13.1.1 In case the Client’s account is covered by the Statutory Consumer Protection, the Client will be liable for all losses incurred in respect of unauthorized transactions, as a result of use of lost or stolen payment instrument, or from the misappropriation of a payment instrument up to a maximum of 35 GBP or its equivalance in other currency. When the Client does not qualify as a Micro-enterprise or a Consumer, the Client shall be liable without limitation for all losses incurred in respect of any unauthorized transactions as a result of use of lost or stolen payment instrument, or from the misappropriation of a payment instrument.