Examlex
A sorority has 36 members, 28 of whom are full members and 8 are pledges. Two persons are selected at random from the membership list of the sorority. Find the probability: the second person selected is a pledge.
Incorporate
To form a legal corporation, allowing a business to operate as a separate legal entity from its owners, with its own rights and liabilities.
Incorporation Process
The incorporation process involves the legal procedure of creating a corporation, which is a type of recognized legal entity separate from its owners, providing limited liability and other benefits.
Statutory Agent
A person or entity appointed to receive legal documents on behalf of a corporation or other legal entity.
Individually Liable
Responsibility of a person to bear the loss or fulfill obligations from their personal assets, independently of others' liabilities.
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