Examlex
The composite unit in DEA
Personal Liability
An individual's legal responsibility to satisfy a debt or legal obligation from personal assets.
Business Debts
Business debts are financial obligations that a business owes to creditors, which can arise from borrowing money, purchasing goods or services, or other business activities.
No Personal Liability
A legal principle or clause that protects an individual's personal assets from being used to satisfy business or contractual debts and liabilities.
Personal Liability
The legal responsibility of an individual to bear the burden of debt or obligation from his/her actions, separate from the liability of a business entity or corporation.
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