Examlex
Regarding ratification of pre-incorporation contracts,how has the CBCA resolved the problem presented by common law?
Ability To Raise Capital
The capacity of a company to secure funds for its operations, growth, or to meet financial obligations, through debt, equity, or other financial instruments.
Limited Personal Liability
A legal status in which an individual's responsibility for business debts or legal actions is restricted to their investment in the business.
Agency Problems
Conflicts of interest that arise when there's a separation between the management of a company and its owners.
Corporation
A legal entity that is separate from its owners, with the ability to own assets, incur liabilities, and conduct business.
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