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Hobbes, Locke, and Rousseau are generally regarded as three of the most influential social contract theorists. What is a social contract theorist and how do these three theorists reflect the diversity of approaches within this area of political theory?
Corporation
A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and is capable of owning property, being liable, and suing or being sued.
General Partnership
A business arrangement where two or more individuals share ownership and the responsibility for managing the business and its debts.
Sole Proprietorship
A business structure where the business is owned and run by one individual, where there is no legal distinction between the owner and the business entity.
Partnership
A business formed by two or more co-owners.
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