Liability - Business concept of the day

Liability - Business concept of the day

Business Development

GlobalLinker Staff

GlobalLinker Staff

20 Aug 2018, 14:15 — 1 min read

Definition: The state of being legally responsible for something.

Example: As CEO, the SME owner was liable for his firm’s activities in the marketplace.

Business Insight: Laws are complex. It is wise to know what laws are applicable to you and your enterprise and be aware of your liabilities.
 

 

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GlobalLinker Staff

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