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Limited liability can best be defined as the legal provision that protects bond holders from being sued by other creditors. reduces the exposure of sole

Limited liability can best be defined as the legal provision that

protects bond holders from being sued by other creditors.

reduces the exposure of sole proprietorships to law suits.

gives stockholders priority claim on profits ahead of bondholders.

shields owners of a corporation from losing more than what they invested in a firm.

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