Examlex
Which of these is the system of incentives and monitors that tries to overcome the agency problem?
Limited Liability
A legal principle that shields an investor's personal assets from the debts and liabilities of the company, limiting loss to the amount invested.
Certificate of Limited Partnership
A legal document filed with a state governmental body that establishes the existence of a limited partnership.
Liability
Legal responsibility for one's actions or omissions, which can lead to being required to make restitution or compensation for harm caused.
General Partners
Individuals in a partnership who are personally liable for the debts and obligations of the partnership, beyond the amount they have invested.
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