Examlex
If an important component of your television set is defective, the television will not operate, even if all the other parts are in good working order. According to the parallel distributed processing approach,
Liability
The state of being responsible or legally obligated to settle a debt or fulfill a contractual agreement; also refers to any form of legal obligation.
Sole Proprietorship
A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.
Personal Loan
An unsecured loan provided by a financial institution based on the borrower's creditworthiness, typically used for personal expenses or consolidating debt.
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