Examlex
An offender received a sentence that requires him to spend time in jail on nights and weekends, but during the week he must go to his place of employment. This is an example of ______.
General Partnership
A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed. This arrangement involves sharing the profits, liabilities, and decision-making processes of the business.
Individually Liable
The legal responsibility of a single person to pay off debts or fulfill obligations incurred.
Creditors
Creditors are individuals or entities that lend money or extend credit, and are owed repayment by debtors.
Capital Balance
The amount of money that a company has in its capital account, reflecting the total capital invested by shareholders and retained earnings.
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