Examlex
Carol is over 55 years of age and is targeted for layoff because she is highly paid and has lucrative benefits. Which of the following terms explains what she has been subjected to?
General Partners
Members of a partnership who are responsible for the management of the partnership, have full authority to bind it, and face unlimited personal liability for its debts.
Limited Partners
Individuals in a partnership who invest money but do not have management responsibilities and whose liability is limited to the amount of their investment.
Foreign Limited Partnership
A partnership entity in which some owners have limited liability and limited involvement in management, recognized under the jurisdiction other than where it operates.
Internal Affairs
A legal doctrine which says that a corporation's internal activities should generally be governed by the laws of the state in which it is incorporated.
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