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单词 unlimited liability
释义

Examplesofunlimited liability

unlimited liability
Individual members of the profession of arms are distinguished from those of other professions by theunlimitedliabilitythey assume in their oaths of office.
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By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimitedliability).
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Under corporate law, corporations of all sizes have separate legal personality, with limited orunlimitedliabilityfor its shareholders.
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In a partnership, there can be both limited andunlimitedliabilitypartners.
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The major disadvantage of partnership is theunlimitedliabilityof partners for the debts and liabilities of the firm.
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In the modern era, most enterprises were partnerships in the form of general partnerships levyingunlimitedliabilityon the partners.
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The company is owned by two types of entities; the "komplementar", who holdsunlimitedliability, and one or more "komandittist" who hold limited liability.
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At this time, theunlimitedliabilityof the management put the managers' personal fortune at risk in case of rumors and scandals.
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Shares were traded, and dividend paid, and the shareholders often contributed unpaid work to keep the business as well as havingunlimitedliabilityfor the companies debts.
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The liability of an investor (known as a name) is unlimited - names share the profits but are also exposed tounlimitedliabilityin the event of losses.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/unlimited-liability##
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更新时间:2024/12/28 12:55:56