Examlex
Which of the following is NOT a trait of an effective leader?
Personal Liability
The legal responsibility of an individual to settle debts or obligations from their own assets, rather than those protected by a corporation or limited liability entity.
Business Debts
Obligations that a business incurs as a result of operating activities, including loans, accounts payable, and any other form of borrowed money.
No Personal Liability
A legal principle that protects individual actors within a corporation or legal entity from bearing personal financial responsibility for the entity's liabilities.
Agency Relationships
A legal arrangement where one party, the agent, acts on behalf of another party, the principal, in transactions with third parties.
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