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Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?


Definitions:

Duty Of Loyalty

The legal obligation of individuals, such as corporate directors or employees, to act in the best interests of their company or employer.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Formation

The process of creating or establishing a new business, organization, or legal entity.

Equal Rights

refers to the principle of granting all people the same legal rights, without discrimination on the basis of characteristics such as race, gender, or religion.

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