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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 4- Forum

Week 4- Forum

Q Discuss the concept of limited liability and how it may influence the type of business entity a person chooses when forming a business. Let's evaluate Trump University. You can read more about it here: https://www.washingtonpost.com/politics/source-trump-nearing-settlement-in-trump-university-fraud-cases/2016/11/18/8dc047c0-ada0-11e6-a31b-4b6397e625d0_story.html?utm_term=.14219feea7b3 In this situation, the president chose to pay a settlement rather than litigate the case. What is the ethical dilemma here? Which ethical framework did the president use when arriving at his decision to settle?

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Limited liability companies are basically a place where an individual’s monetary obligation is constrained to a settled entirety, most generally the estimation of a man's interest in an organization or association. On the off chance that an organization with restricted obligation is sued, at that point the inquirers are suing the organization, not its proprietors or speculators. Till date, the idea of limited liability offers an ascend to a wide range of sorts of business associations, as indicated by "Business Organizations."