Examlex
A magnetic contactor or relay is basically an electrical _______that closes a set of contacts when the coil is energized.
Infant Corporation
A term used to describe a corporation in its early stage of existence, typically considered less capable of meeting legal or financial commitments.
De Facto Corporation
A business that operates as if it were a legally incorporated company, even though it has not completed the required incorporation processes, and may be treated as such by courts under certain conditions.
Incorporation Process
The procedural steps required to legally form and register a corporation with state authorities, granting it legal entity status.
Lifetime Appointments
Positions or roles where the appointee serves for their entire life, commonly seen in judicial appointments to ensure independence.
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