Limited liability in contract is uncontroversial because the parties to the contract could have agreed to it and could agree to waive it by contract. However, limited liability in tort remains controversial because third parties do not agree to waive the right to pursue shareholders. There is significant evidence that **limited liability in tort may lead to excessive corporate risk taking and more harm by corporations to third parties**.[3][4]
https://en.m.wikipedia.org/wiki/Corporation
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