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On the Micronesian island of Yap, the money that is primarily used as currency is
Business Debts
Business debts are financial obligations that a business owes to creditors, which can arise from borrowing money, purchasing goods or services, or other business activities.
No Personal Liability
A legal principle or clause that protects an individual's personal assets from being used to satisfy business or contractual debts and liabilities.
Personal Liability
The legal responsibility of an individual to bear the burden of debt or obligation from his/her actions, separate from the liability of a business entity or corporation.
Control of Business
Refers to the authority or power to manage the operations, decisions, and policies of a company or organization.
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