Focus (Forum & Focus)
Jul. 30, 2008
Down to Business
Statutory limited liability serves the legislative objective of promoting new business risk, though at times individual creditors may suffer losses, writes Robert Harrison. - Focus Column
By Robert Harrison
This article appears on Page 5
One of your clients fills a huge order only to find that its customer goes out of business and cannot pay. Another is seriously injured at a store with lapsed insurance. A gnawing doubt sends you back to search your files only to find out that the defendant is a corporation, meaning there may be little or no recovery. Hearing you explain the concept ...
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