Examlex
What is a major function of the large intestine?
Mutual Agency
A principle in partnership where each partner has the authority to bind the partnership in contracts and decisions related to the business's ordinary course.
Unlimited Life
Refers often to entities or corporations that have no predetermined duration for existence, allowing them to operate indefinitely.
Limited Liability
A legal structure that protects company owners' personal assets from being used to fulfill the company's debts and liabilities.
Limited Life
Partnership is dissolved by admission, withdrawal, or death of a partner. Although the partnership is dissolved, the operations of the business can continue.
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