Match the Term with Its Definition

question 82

Essay

Match the term with its definition.Some terms may not be used.
a.advisory board
b.board of directors
c.general partner
d.legal entity
e.limited liability company
f.limited partner
g.nonprofit corporation
h.partnership agreement
i.social capital
j.social network
-A partner who is not active in the management of the partnership and has limited personal liability

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Definitions:

Indemnification

The act of compensating for loss or damage, often seen in contracts where one party agrees to protect the other against certain future claims or liabilities.

Negligently

Acting with a lack of proper care or attention to duties, resulting in harm or damage to others.

Gratuitous Basis

A situation where goods, services, or assets are given without receiving payment or consideration in return.

Customary Fee

A charge or payment that is considered typical or usual within a particular industry, market, or legal context based on long-standing practices.