Doc, a supplier of building materials, entered into the following transactions:??An agreement to sell some goods to a longstanding friend, Ed. The contractual document, however, actually?stated that the contract was made with Ed's company, Ed Ltd. Although the materials were delivered, they?have not been paid for and Doc has learned that Ed Ltd has just gone into insolvent liquidation.??Doc had employed a salesman, Fitt, whose contract of employment contained a clause preventing him from?approaching any of Doc's clients for a period of two years after he had left Doc's employment. Doc has?found out that, on stopping working for him, Fitt has started working for a company, Gen Ltd, wholly owned?by Fitt and his wife, and is approaching contacts he had made while working for Doc.?
【論述題】
?Identify what is meant by limited liability?