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Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 5
A shareholder in a limited-liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. Explain why limited liability came about. Explain why it was enacted in the late nineteenth century.
Explanation
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Limited liability:
Limited liability is...
Managerial Economics 2nd Edition by William Boyes
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