Examlex
What factors would cause income that would otherwise qualify as unrelated business income to not be taxed?
Personally Liable
Being personally responsible for fulfilling the obligations of a debt or liability, not limited to the resources of a business or corporation.
Authorized Agent
An individual or organization legally empowered to act on behalf of another person or entity.
Discharge of Liability
The release of a debtor from the obligation to repay a debt, either through payment of the debt, through legal processes, or by agreement with the creditor.
Real Defenses
Legitimate legal defenses that can be asserted regardless of the contract's validity, often used in negotiating or contesting payment obligations.
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