Examlex
This morning,Katrina received the following text message on her cell phone: Don't forget your haircut appointment today at 10 am with Jane at HairNow.See you soon.This is an example of a mobile ad.
Personal Liability
The legal responsibility of an individual to settle debts or legal claims using personal assets.
Limited Liability Company
A firm's structure that integrates the aspect of limited liability similar to a corporation with the pass-through tax benefit akin to that of a partnership or sole proprietorship.
Corporate Veil
A legal concept that separates the actions and liabilities of a corporation from its shareholders, protecting them from personal liability.
Syndicate
A group of individuals or firms that join together to finance a project; also called an investment group.
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