Examlex
A mirage is an optical effect caused by refraction when light passes from air with one density into air with a different density, causing the object to appear displaced from its true position.
Limited Partnership
a type of partnership comprising both general partners, who manage the business and are personally liable for debts, and limited partners, who invest but have limited liability.
Death of a Partner
In the context of business, refers to the event when one member of a partnership passes away, potentially impacting the continuity and operations of the business.
Partnership Agreement
A contract between partners in a business that outlines the terms and conditions of the partnership.
Partnership Dissolution
The process of terminating the legal existence of a partnership entity, which involves winding up its affairs and distributing its assets.
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