Examlex
In describing the law of the three stages,Auguste Comte believed that knowledge began in the ,where explanations were based on religion and the supernatural,and kinship was the most prominent unit of society.
Unlimited Liability
A legal structure in which the owners are personally liable for all the debts and liabilities of the business, without any limit.
General Partnership
A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.
Corporation
A legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations can enter contracts, sue and be sued, and pay taxes apart from their owners.
Secondary Market
The marketplace where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.
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