Examlex
Which of the following has contributed to decreased concentration in U.S.industry since the 1970s?
Personal Liability
The obligation of an individual to repay debts from personal assets, often occurring when corporate or business liability protections are not in place.
Wrongful Acts
Actions or behaviors that are illegal or morally incorrect, often leading to legal consequences or liability.
Limited Partnership
A business structure where at least one partner is liable only up to the amount of their investment, while at least one other has unlimited liability.
Certificate of Limited Partnership
An official document that registers a partnership wherein certain members have limited liability with respect to the partnership's debts and obligations.
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