Examlex
The process of questioning potential jurors is called discovery.
Net Income
The total profit of a company after subtracting all expenses from revenues, also known as the bottom line.
Limited Life
The concept that an asset or an entity has a finite existence or operational period before it ceases to be useful or exist.
Corporation
A legal entity that is separate and distinct from its owners, providing them with limited liability, and is permitted to own assets, incur liabilities, and sell securities, among other rights.
Partnership
A legitimate business model involving collaboration between two or more people in managing and dividing earnings.
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