Examlex
If a price ceiling is set above the equilibrium price it is not binding.
Dissolution
The process of formally closing or ending a business or legal entity.
Limited Partnership
A business structure where at least one partner has unlimited liability and at least one partner has liability only up to the amount they have invested.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another party, such as the duty a trustee has to beneficiaries.
Liability
Refers to the state of being legally responsible for something, such as a debt or obligation.
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