Question
1. Describe the concept of limited liability for a business owner. What does this do for the business owner and why should they care? (
1. Describe the concept of "limited liability" for a business owner. What does this do for the business owner and why should they care? (Answers should be approximately 200 words in length.)
2. Define and provide an example of each of the following concepts related to the statute of frauds:
- Part Performance
- The Parol Evidence Rule
- Promissory Estoppel
(Answers should be approximately two hundred words in length.)
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Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross
12th Edition
978-053847082, 1285834623, 9780538470810, 0538470828, 9781285834627, 053847081X , 978-1111929954
