Explain What Is Meant by Limited Liability

question 42

Essay

Explain what is meant by limited liability.

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Definitions:

Digest

A summary or compilation of information or legal decisions.

A.L.R.

Abbreviation for American Law Reports, a resource of legal articles on specific legal issues.

West

A key provider of legal research and solutions including online research, law books, and software products, often utilized by legal professionals.

Regional Digests

Collections of judicial decisions from specific geographical areas, summarizing and indexing court rulings to aid research.