Examlex
Which of the following is correct?
Separate Legal Personality
The legal principle that a corporation or certain other entities exist independently of their shareholders or members, capable of owning property, incurring debt, suing, and being sued.
Significant Results
Outcomes or findings that are notably impactful, meaningful, or exceed expected benchmarks, often used in the context of research, projects, or performance evaluations.
Corporation
A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders.
Closely Held Corporations
Corporations in which there are relatively few shareholders; referred to as non-distributing corporations in some jurisdictions.
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