Examlex
________ measures the overall effectiveness of management in generating profits with its available assets.
Unlimited Personal Liability
A legal status where an individual's financial liability is not limited to a specific amount, potentially involving all personal assets to satisfy debts or liabilities.
Tort
A civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the act.
Breach Of Trust
The failure of a trustee to act in accordance with the terms of the trust agreement or in the best interest of the beneficiaries.
Winding Up
The process of liquidating a company's assets and distributing the proceeds to the creditors and shareholders, ultimately leading to the dissolution of the company.
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