Examlex
Few observers today predict a resurgence of population in most rural areas,especially those outside commuting distance from good-size cities.
Limited Partner
A partner who does not take part in the management of a firm and whose liability does not extend beyond his or her investment.
General Partner
A partner who takes an active part in running a partnership and has unlimited liability for the firm’s debts.
Liability
The legal responsibility to settle debts or obligations, which may arise from contracts, torts, or statutory duties.
Management Duties
The responsibilities and tasks assigned to the management of an organization, including decision-making, planning, staffing, directing, and controlling.
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