The perturbed hard-sphere-chain (PHSC) equation of state is used to calculate liquid-liquid equilibria of binary nonpolar solvent/homopolymer systems exhibiting both an upper critical solution temperature (UCST) and a lower critical solution temperature (LCST). Systems studied include polyisobutylene, polyethylene, and polystyrene solutions. Equation-of-state parameters of homopolymers are obtained by regressing the pressure-volume-temperature data of polymer melts, In polymer solutions, however, theory overestimates the equation-of-state effect which causes the LCST at elevated temperature. To correct the overestimated equation-of-state effect, an empirical adjustable parameter is introduced into the perturbation term of the PHSC equation of state. An entropy parameter is also introduced into the Helmholtz energy of the mixture to correlate quantitatively the dependence of critical temperatures on polymer molecular weight. For systems exhibiting a LCST, two adjustable parameters are required to obtain quantitative agreement of theoretical critical temperatures with experiment as a function of polymer molecular weight. For systems exhibiting both an UCST and a LCST, three adjustable parameters may be necessary. The need for so many empirical binary parameters is probably due to the oversimplified perturbation term which is based on the mean-field assumption.