Examlex
A senior partner delegated the drafting and filing of a statement of claim to a first-year lawyer employed by the firm.The first-year lawyer erroneously sued the wrong parties.How will the law assign responsibility for the obligation with regard to the quality of the work performed?
Corporate Veil
A legal concept that separates the identity and responsibilities of a corporation from those of its shareholders, protecting them from personal liability in most cases.
Promoter
An individual or company responsible for organizing and starting a business or enterprise, often involved in its early financing and establishment.
Subscriber
An investor who agrees to purchase stock in a new corporation.
Shareholders
Individuals or entities that own shares in a corporation, giving them partial ownership and typically the right to vote on corporate matters.
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