Examlex
Yiting called the Butterball toll-free hotline to learn how to prepare her Thanksgiving turkey and dressing. This telephone number is an example of
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of their assets or interests.
Dissolution
The act of formally ending or disbanding an entity or agreement, such as dissolving a corporation or marriage.
Liquidation
The process of converting a company's assets into cash to pay off creditors before dissolving the business.
Takeover
The acquisition of control over a company by another company or investor group, typically through the purchase of its shares.
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