Examlex
At US Data Corporation's web site,they advertised that "Because of our commitment to quality and our vast amount of industry knowledge and experience,we have grown to be one of America's leading providers of mailing lists,marketing data,sales leads and research data.We maintain databases of information on consumers and businesses nationwide that set industry standards for mission critical currency,reliability and accuracy." Trying to reach 500 potential donors for their annual phone donation campaign,a local fire department purchased a list of donors from the company.This list is an example of a
Limited Partnership
A partnership arrangement in which some partners are only liable up to the amount of their investment, unlike general partners who have unlimited liability.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Liability for Losses
The obligation of an individual or entity to compensate for damages or financial losses incurred by another.
Limited Partner
An investor in a partnership whose liability is limited to the amount of the investment and who does not participate in day-to-day management.
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