online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
No download needed!
What is Simcountry?
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What is Simcountry?

!!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Simcountry: Simcountry Bulletin Board  !!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Big Brother (Fearless Blue)

Wednesday, December 29, 2004 - 05:37 pm Click here to edit this post
Ah before we digress too much.

1. Yes if there was limited liability that means certain loans would be defaulted. There would have to be an extension of the principle of differential interest rates to reflect the risk to the lender, there is a problem at present when players offer a loan they have no choice who they lend it to, and has already been said it's offered at a set interest rate.

2. Introducing limited liability is not about making it easier for individual corporations to survive, it's only about what happens to the debts of that corporation if it goes bankrupt. So if a corporation fails because someone chooses to pay the workers too much, or there is an insufficient market for it's product, so be it! All I am saying is it's debts shouldn't be transferred.

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