Examlex
Which of the following statements is false?
Obligations
Obligations are legal or moral duties that a person or entity is required to fulfill, including contractual commitments or the requirement to compensate for harm caused by one's actions.
General Partnership
See partnership.
Personally Liable
Being directly responsible for a debt or obligation, such that one's personal assets can be pursued by creditors.
Obligations
Duties or commitments one party has towards another under the terms of a contract, law, or moral duty.
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