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Please know this is a Q&A FORMAT
E-TEXT SOURCE:
Twomey, D. P., Jennings, M. M., & Greene, S. M. (2021). Anderson’s Business Law & The Legal Environment – Comprehensive Edition (24th Edition). Cengage Learning US.
Part 1:
Is the public served by the availability of business formats which protect individuals from personal liability?
Identify and Describe the alternatives? What are the pro’s and cons?
Do you agree with the availability of business formats that protect individuals from personal liability?
Defend your position. Please give examples.
Part 2:
How do insurance companies deal with risk?
Should insurance companies spread the risk amongst all of their policyholders as is often done in automobile insurance or is there better way to deal with the matter of risk?
Describe how this might be accomplished and argue why this is a good or bad practice. Support your argument with valid sources.
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