Examlex
When the U.S.Constitution was written and established the Supreme Court,the population of the country was under 5 million.Today the population is more than 300 million.Because this means that there are far more lawsuits today than in the early days of our nation,the chances that the Supreme Court will accept a case is much smaller today than in the past.Should one or more additional "supreme" courts be established so that more cases are reviewed? Would an additional federal appellate court,hearing appeals from the Circuit Court,help?
Separate Legal Entity
A legal structure that is distinct and independent from its owners, allowing it to own assets, incur liabilities, and enter into contracts.
Shareholders
Individuals or entities that own shares in a corporation, giving them ownership stakes and sometimes rights to dividends and to vote on corporate matters.
Uniform Partnership Act
A set of laws adopted by states that governs the formation, operation, and dissolution of partnerships.
Model Business Corporation Act
A set of model laws prepared to provide a standard for state corporation statutes and promote uniformity in business law among the states.
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