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A Firm with Two or More Owners Who Have Unlimited

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A firm with two or more owners who have unlimited liability is known as


Definitions:

Free Competition

The condition in a market where businesses and individuals can operate and compete with minimal governmental interference or regulation.

Public Interest

The welfare or well-being of the general public, often considered in the formulation of laws and governmental policies.

Exculpatory Clause

An Exculpatory Clause is a contract provision that relieves one party from liability for harm or damage that could occur to the other party under the agreement.

Public Policy

Principles and standards considered to be in the public interest, which guide lawmakers and regulators.

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