Limited liability can best be defined as the legal provision that "shields owners of a corporation from losing more than what they invested in a firm".
<u>Option:</u> C
<u>Explanation:</u>
Limited liability is basically where the monetary obligation of an individual is restricted to a fixed sum, most generally the amount of an investment of an individual in a business or partnership. If a limited liability corporation is sued then the plaintiffs sue the company, not its shareholders or investors.
Limited liability covers a proprietor so he or she can't lose more money than he or she has invested in a company. In other terms it refers to the amount of risk that an investor takes when investing in an organization.
Answer:
191 Make a syncwine for the word gift.
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Answer:Disaffirmance
Explanation:
Disaffirmance , It defines a fact that a voidable contract is void. This means a person who had signed a voidable contract has the right to not abide by it.
A person may verbally state that they won't abide by the contract or they will just choose to not do what the contract says without actual stating that they won't abide by it.
A voidable contract is the one in which two parties formally agree on something but this contract is not enforceable for several legal reasons.
Reasons that can make a contract voidable :
-Misrepresentation or fraud by one of the parties
-If someone is threatened to enter through a contract
- When one party is legally incapacity to be part of the contract such as Jacquie who entered a contract before he reached an age of majority.
Age of majority is an age when someone is considered an adult by the law.
