Examlex
Which statement about lakes is true?
Contract
A contract is a legally binding agreement between two or more parties that outlines obligations, rights, and duties each party has agreed to.
Breach Of Fiduciary Duty
A failure to act in the best interest of someone to whom a duty of care is owed, often seen in financial and legal relationships.
Director
A member of a group of persons chosen to govern the affairs of a corporation, company, or other entity, responsible for making major policy and financial decisions.
Pre-Incorporation
Describes agreements, actions, or commitments made on behalf of a corporation before its official legal formation.
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