Examlex
Matching
Identify the letter of the choice that best matches the sentence or definition.
-This offers a better return on the initial investment because it will have a longer useful life.
Legal Entity
A legal entity is any company or organization that has legal rights and responsibilities, including the ability to enter into contracts, sue, and be sued.
Unlimited Liability
A legal obligation where an individual's responsibility for debts extends beyond what was invested into a business, potentially affecting personal assets.
Entire Estate
All the assets, properties, and interests owned by an individual at the time of their death.
Partnership Property
Assets owned collectively by partners in a partnership, intended for use in the business and subject to the partnership agreement.
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