Examlex
Which of the following statements was not true of the Spanish colonial administration in the New World?
Legal Formalities
The required procedures or steps mandated by law for ensuring that legal acts or documents are valid and enforceable.
Officers
Individuals appointed or elected to oversee the management and daily operations of a corporation or other entity, typically holding positions such as CEO, CFO, or President.
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued.
Shareholders
Owners of shares in a corporation, thereby having an interest in the corporation's operations and earnings.
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