Unlimited liability refers to the legal obligations general
partners and sole proprietors because they are liable for all
business debts if the business can't pay its liabilities.
1. What is mean by rule of law? In short, the rules and regulations made and enforced by a society's government to manage the conduct of the people within said society that is called rule of law. Every society that has ever existed has recognized the need for laws.
1. Explain the purpose and functions of Law. The law serves many purposes and functions in society. Four principal purposes and functions are establishing standards, maintaining order, resolving disputes, and protecting liberties and rights. The law is a guidepost for minimally acceptable behavior in society. The law serves many purposes and functions in society. Four principal purposes and functions are establishing standards, maintaining order, resolving disputes, and protecting liberties and rights. 1 Establishing Standards The law is a guidepost for minimally acceptable behavior in society. Some activities, for instance, are crimes because society (through a legislative body) has determined that it will not tolerate certain behaviors that injure or damage persons or their property. For example, under a typical state law, it is a crime to cause physical injury to another person without justification—doing so g...
1. Explain the structure of the Maldives judicial system. Maldives judiciary system The judiciary of the Maldives is based on a three-tiered court system . The courts of first instance include the Civil, Criminal, Family and Juvenile courts established in Male' and the magistrate courts of the islands. COURTS Supreme Court : The Supreme Court, as stipulated under Article 141 of the Constitution of the Republic of Maldives is the highest authority for the administration of Justice in the Maldives. The Supreme Court is headed by a Chief Justice who is head of the Judiciary. Along with the Chief Justice, the Supreme Court consists of five Judges. The Constitution requires Supreme Court rulings to be disposed of by an uneven number of Judges sitting together in session. The Supreme Court is the highest authority on the interpretation of the Constitution, the Law, or any other matter dealt with by a court of law. ...
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