Examlex
Upon liquidation,if there is a sale of assets at a loss,the loss must be allocated to the partners' capital accounts based on their profit-and-loss-sharing ratio.
State Of Nature
A concept in political philosophy regarding the hypothetical conditions of human beings before or without political association.
Social Contract
A theory or model that explains the legitimacy of the authority of the state over the individual.
Neoliberalism
An economic and political ideology favoring free-market capitalism, deregulation, and reduction in government spending on social services.
Social Decisions
Decisions made within a group or society that affect the welfare of the community and involve considerations beyond individual gain.
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