Examlex
The High Court decided in the decision of Imbree v McNeilly (2008) 236 CLR 510 that:
Personal Liability
The legal responsibility of an individual to settle his or her debts and obligations, potentially using personal assets.
General Partner
A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.
Business Management
The act of organizing, planning, leading, and controlling resources to achieve specific business objectives.
Venture Capitalism
The practice of investing in early-stage companies with strong growth potential in exchange for equity stakes.
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