Examlex
A change in policy mandated by a change of standard under IFRS is an example of a mandatory policy change.
Limited Partner
A partner in a limited partnership whose liability is limited to the amount of her investment.
Statutory Provisions
Specific clauses or sections within a statute (law) enacted by a legislative body, governing various legal matters or actions.
Liability
The state of being responsible for something, especially by law, including debts or legal obligations.
Unlimited Liability
A legal obligation in business where owners are personally responsible for all debts incurred by the business.
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