Examlex
In the uniform resource locator (URL) http:\\www.csub.edu\~hbidgoli\books.html, _____ represents the name of the directory in which files are stored.
Creditor
An individual or entity to whom money or its equivalent is owed by another individual or entity, known as the debtor.
Professional Corporation
Identical to a business corporation in most respects. A professional corporation is formed by filing with the secretary of state, and it is managed by a board of directors, unless a statute permits it to be managed like a partnership. The rigid management structure makes the professional corporation inappropriate for some smaller professional practices.
Personal Liability
Legal responsibility of an individual to settle debts or legal judgments from their assets, not protected by business structures or limited liability.
Limited Partners
Investors in a partnership who have limited liability to the extent of their investment and are not involved in day-to-day management decisions.
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