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Sarah Palin is an intern in your office. You have been working with Sarah to prepare advice for Jim Patience, who has sought advice on

Sarah Palin is an intern in your office. You have been working with Sarah to prepare advice for Jim Patience, who has sought advice on the incorporation of a company. Sarah has had some problems understanding the world of corporate law. Using appropriate examples explain the following concepts:

A) Unlimited liability

B) Limited liability

C) Extra provincial company

D) Federal Corporation

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