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corporateIn truth the Spanish remained hostile and let just one ship a yr enter. Unaware of the problems, buyers in Britain, enticed by extravagant promises of revenue from company promoters bought thousands of shares.

The next, essential growth, then, was the Limited Liability Act 1855, handed on the behest of the then Vice President of the Board of Trade, Mr. Robert Lowe. This allowed traders to restrict their legal responsibility within the event of enterprise failure to the quantity they invested in the company – shareholders were nonetheless liable directly to creditors, but only for the unpaid portion of their … Read More

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