Examlex
What type of performance appraisal method includes feedback from up to five sources: supervisor, peers, self, customers, and subordinates?
Jointly And Severally Liable
A legal term describing a situation where two or more parties can be held responsible individually or together for a debt or liability.
General Partners
Partners in a partnership who have full liability for the debts of the partnership and are involved in the management of the business.
$500,000 Loan
A sum of money borrowed that amounts to five hundred thousand dollars, which is subject to repayment conditions set by the lender.
Breach Of Partner's Duty
The failure of a business partner to fulfill their obligations or act in the best interest of the partnership, violating their fiduciary duties.
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