Liability
Complete the text below with the noun “liability” and the derivative adjective “liable”.
Unlike shareholders in limited __________ companies (private or public) and joint stock companies, who are __________ for no more than the amounts which they have contributed to the business association (limited __________), sole proprietors and partners have unlimited personal __________ for all debts or damages payable by the business entities in which they participate. The widespread distinction between partnership and company is reflected in the Bulgarian opposition: персонално/ капиталово дружество.
Sometimes, for example when the company is used to perpetrate fraud or acts ultra vires, this ‘corporate veil’ can be ‘pierced’ or ‘lifted’ by the court and the respective shareholders held personally __________ for their actions.
Unlike shareholders in limited __________ companies (private or public) and joint stock companies, who are __________ for no more than the amounts which they have contributed to the business association (limited __________), sole proprietors and partners have unlimited personal __________ for all debts or damages payable by the business entities in which they participate. The widespread distinction between partnership and company is reflected in the Bulgarian opposition: персонално/ капиталово дружество.
Sometimes, for example when the company is used to perpetrate fraud or acts ultra vires, this ‘corporate veil’ can be ‘pierced’ or ‘lifted’ by the court and the respective shareholders held personally __________ for their actions.
作成日時: 2014年 12月 8日(月曜日) 11:38 by Десислава Митова
| バージョン | ユーザ | 更新日時 | ||
|---|---|---|---|---|
| 1 | ИГИвелина Ганчева-Йоцова | 11:15 | 2016年 01月 4日 |