Examlex
Which of the following statements is not correct regarding the Bankruptcy Code?
Corporations
Large companies or groups of companies authorized to act as a single legal entity and recognized as such in law.
Legal Entities
Organizations or groups that have legal rights and obligations, including the ability to enter into contracts and own property.
Contracts
Legally binding agreements between two or more parties that specify the terms and conditions under which certain actions or transactions will be carried out.
Secondary Labor Market
Employment sector characterized by low wages, job insecurity, and poor working conditions, often involving temporary or part-time jobs.
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