Examlex
The execution of a return statement in a user-defined function terminates the program.
Unlimited Liability
Refers to a legal structure where the owners are personally responsible for the debts and obligations of the business without any limit, potentially impacting their personal assets.
Legal Agreement
A contract that outlines terms and conditions between parties, binding them legally.
UPA
Uniform Partnership Act, which is legislation adopted by some states in the USA to govern partnerships.
Limited Liability
A legal status where an individual's financial risk is restricted to a fixed amount, typically the value of their investment in a company, protecting personal assets from business debts.
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