Comment: Listen carefully

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In post: Why Were Corporations Illegal Before 1819?

In reply to comment: You have violated the terms of my contract... (see in situ)

Listen carefully

Submitted by NowOrNever on Sat, 02/09/2013 - 02:06. Permalink

P <--> Q

This is called a biconditional. ; )

I'm saying, if the person contracted with the firm on the condition of limited liability, then the firm has limited liability with respect to their obligation to that person.

And the inverse:

If the person did not contract with the firm on the condition of limited liability, then the firm does not have limited liability with respect to their obligation to that person.