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Personal Assets
Individual-owned resources of economic value such as cash, real estate, investments, and personal property.
Vicariously Liable
Legal responsibility assigned to one party for the actions of another, based on a special relationship between the two.
Jointly And Severally Liable
A legal term describing a situation where two or more parties are liable together and individually for the full amount of an obligation.
Partner Commits Malpractice
A scenario where a member of a partnership engages in professional misconduct or negligence, impacting the partnership.
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