Examlex
What is the difference between a complete defence and an apportionment defence? Provide an example of each. Which type of defence do courts prefer? Explain your answer.
Limited Liability
The legal principle that limits each owner's financial loss to the amount of money that individual has invested in a company.
Partnership Name
The official legal name under which a partnership business operates and is recognized.
Both Partners
In the context of business or law, it refers to the mutual and joint responsibility or involvement of two parties in an agreement or venture.
Individual Partner
A member of a partnership who contributes capital, participates in management, and is personally liable for partnership debts.
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