Examlex
Which of the following phrases no longer belongs in business messages?
Personal Liability
The legal responsibility of an individual to repay debt or fulfill obligations from personal assets.
Partnership Form
An official business configuration where management roles and profit disbursements are shared among a few individuals.
Service-Type Businesses
Businesses that provide services instead of producing tangible goods.
Unlimited Life
A financial concept that assumes a corporation can continue in operation indefinitely, without a predetermined closure or liquidation date.
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