Problem
Limited Liability Gretchen has successfully tested her lubricant on small engines. She has not tried to use it in large engines or for extended periods of time. To complete these tests, she needs many thousands of dollars to buy equipment and run the tests. If the tests are successful, Gretchen thinks her product could earn many millions of dollars in profit every year. If they fail, all the funds invested in the tests could be lost. Why would Gretchen want to limit her liability when she starts her business?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.