This is a theory that states that all of the liabilities as well as the assets of a company are the responsibilities of the owner of the business. No one else is responsible for the assets and liabilities of the company.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
This is a theory that states that all of the liabilities as well as the assets of a company are the responsibilities of the owner of the business. No one else is responsible for the assets and liabilities of the company.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.