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Essay

Islamic Finance

Essay specific features

 

Issue:

Business

 

Written by:

Alvin A

 

Date added:

March 13, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

23 / 6386

 

Was viewed:

8372 times

 

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Essay content:

The limited liability' in the modern economic and legal terminology is a condition under which a partner or a shareholder of a business secures himself from bearing a loss greater than the amount he has invested in a company or partner-ship with limited liability. If the business incurs a loss, the maximum a shareholder can suffer, is that he may lose his entire original investment...
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If the business incurs a loss, the maximum a shareholder can suffer, is that he may lose his entire original investment. But the loss cannot extend to his personal assets, and if the assets of the company are not sufficient to discharge all its liabilities, the creditors cannot claim the remaining part of their receivables from the personal assets of the shareholders...
displayed 300 characters

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