Examlex
Who is using ALL the principles of selective optimization with compensation to help memory?
General Partnership
A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a venture.
Unlimited Personal Liability
A legal obligation where an individual's personal assets can be used to satisfy business debts and liabilities without limit.
Represents Himself
Refers to an individual who acts as his or her own legal representative in court, without an attorney.
Liability of a Partner
The legal responsibility of each partner in a partnership for the debts and obligations of the business, which can extend to their personal assets.
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