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Harry Truman Is Credited with the Statement, "Give Me a One-Armed

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Essay

Harry Truman is credited with the statement, "Give me a one-armed economist," because economists are likely to say, "On the one hand, ...on the other hand." Why do economists "waffle" more than physicists or chemists?


Definitions:

Unlawful Distributions

Refers to the illegal dispensation, sharing, or allocation of assets or resources, often seen within the context of corporations or trust laws.

Director Liability

The legal responsibility of corporate directors for actions or omissions that cause harm to the company or its shareholders.

Unlawful Distributions

Financial distributions made by a company to its shareholders that violate laws or the company's own regulations, potentially harming the company or its creditors.

Usurped Corporate Opportunity

An act where an individual takes advantage of an opportunity that rightfully belongs to a corporation, typically violating fiduciary duties.

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