PCCLOSEOUT

There are three general types of legal forms for business: a soie proprietorship, a partnership, or a corporation. A great majority ofbusinesses start as sole proprietorships. Forming this legal organization is fairly easy. Few requirements and licenses are needed. Sole proprietorship, although popular to first time business owners, is the most vulnerable to lawsuits. If you and your spouse hold any Torrens Title under your names, creditors could easily attach and levy that real estate to satisfy any judgment against you. Once personal liability is established, your exposure to collection may go beyond the investments you placed in a business enterprise.

Food Manufacturers and Processors
Manufacturers and processors of foodstuffs, drinks, toilet articles and similar goods shall be liable for death or injuries caused by any noxious or harmful substances used, although no contractual relation exists between them and the consumers. If the injurious condition of the article is traced to its origin, the immediate vendor is unaware of the manufacturer’s fault and he cannot be liable for the injuries the consumer may suffer. But if the noxious condition is not due to the manufacture of the article but to something that happened to it while it is in the hands of the vendor, like expiry, abandonment, or carelessness in its custody, the vendor becomes liable for his own negligence.