Examlex
Which of the following has NOT been a factor deterring Canadian bank expansion abroad?
Unlimited Liability
A legal obligation where a business owner or investor is personally responsible for all the debts of the business, without any limit on the amount they can be required to pay.
Investor
An individual or organization that allocates capital with the expectation of earning a financial return.
Corporation
A legal entity that is separate from its owners, providing them with limited liability, and recognized as a person under law that can enter into contracts, own assets, and be sued.
Partner's Liability
The legal responsibility of a partner in a partnership for the debts and obligations of the partnership.
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