Examlex
What are the qualities for a successful manager in the coming years?
Unlimited Personal Liability
A legal obligation where individuals can be held fully responsible for the debts and obligations of a business, potentially affecting their personal assets.
Partnership Authority
The legal power granted to a partner to act on behalf of and bind the partnership in business transactions.
Unlimited Personal Liability
A legal condition in which an individual can be held entirely responsible for the debts or obligations of a business entity, without limit to the value of that individual's assets.
Partnership Agreement
A contract among business partners detailing the operational and financial arrangements of the partnership.
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