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A Private Corporation Is One Whose Shares Are Traded on an Organized

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True/False

A private corporation is one whose shares are traded on an organized stock exchange, like the Toronto Stock Exchange.

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Definitions:

Mistake Of Law

An error made by a person in understanding the law as it pertains to their actions or a situation.

Reasonable Reliance

The dependence by one party on the representations or promises of another where such reliance is logically or legally justifiable.

Material Fact

Information that is significant enough to influence a decision, especially pertinent in contract and disclosure laws.

Utah Law

Law specific to the state of Utah, governed by state legislation and legal precedents within Utah jurisdiction.

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