Examlex
If the rockets of a spaceship in outer space (far from all gravity) suddenly lose power and go off,
the spaceship will gradually slow to a stop.
Joint And Several Liability
A type of liability in which a third party can choose to sue the partners separately or to sue all partners jointly in one action.
Common Liability
A legal responsibility shared among multiple parties, often in cases of negligence where each party is held responsible for a portion of the damages.
Inspect The Books
The act of examining the financial records of an organization to ensure accuracy and compliance with relevant rules and laws.
Managing Partner
The executive in a partnership responsible for daily operations, decision-making, and overall management.
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