Examlex
Sellers can increase total revenues by charging different individuals the maximum they are willing to pay.
Personally Liable
means an individual is legally obligated to pay a debt or damages out of their own assets.
Obligations
Obligations are legal or moral duties that a person or entity is required to fulfill, including contractual commitments or the requirement to compensate for harm caused by one's actions.
General Partnership
See partnership.
Personally Liable
Being directly responsible for a debt or obligation, such that one's personal assets can be pursued by creditors.
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