Examlex
If an application expects the user to enter a seven-digit phone number or a five-digit ZIP code,the application's code should verify that the user entered the required number of characters.
Unlimited Personal Liability
A legal obligation where an individual can be held personally responsible for the debts and obligations of a business entity without any limit on the amount.
General Partners
Individuals in a partnership who are responsible for the management of the partnership, have unlimited liability for its debts, and share the partnership's profits.
Limited Partners
Part-owners of a partnership who have limited liability to the debts of the partnership and do not participate in day-to-day management.
Personal Liability
The legal responsibility of an individual to satisfy debts or obligations from their own assets.
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