The term has been described in various paperwork, but taking a closer look at the concept, it seems to be something of a contradiction. A settlement can quickly be described as the criminal arrangement between two or more parties that involves the exchange of a felony tender for a commodity or carrier. On the other hand, the term ‘psychological’ refers back to the mind and hence something intangible. Taking a glance on the perceived records of the mental agreement, reference has been made to what’s written in the Bible as far back as the 3000 BC. Deuteronomy Chapter 10 and 11 makes mentionof what is assumed to be associated with the psychological contract Wellin 2008. It talks about the mutual expectations among the Jewish people and their God. The stocks of closely held companies aren’t publicly traded and are held by a small group of deepest buyers. d. Unlimited legal responsibility: Investors are responsible for all of the firm’s debts. A sole owner has unlimited legal responsibility. Investors in companies have restricted liability. They can lose their funding, but not more. It teaches us to not be egocentric, but believe the ones round us who need assistance. Thanks tons for compiling this to assist the ones in need. and respective householders. Other product and agency names shown may be emblems of their respective householders. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers authors may earn earnings on this page in response to affiliate relationships and advertisements with partners adding Amazon, Google, and others.