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BX2112 Law of Business Organisations Assignment Sample

Limited Liability in Businesses Limited liability has been institutionalized with economic and political interests in United Kingdom. This concept maintains that the debts incurred by a company are its own liabilities and the shareholders or the company’s directors do not bear a direct legal liabilities for the debts. With this law, the company attains a separate legal status where the shareholders and the directors are not held as legal…

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