Examlex
Any shareholder owning more than five (5) percent of any class of the corporation's equity securities is statutorily defined as an insider and must file with the SEC a disclosure statement regarding such ownership and all related transactions.
Comparative Negligence
A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, proportionate to their degree of fault in causing the harm.
Market Share
The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales.
Negligence Theory
A legal concept that holds parties liable for harm caused by their failure to act as a reasonable person would under similar circumstances.
Properly Manufactured
A term indicating that a product has been made according to the required standards and specifications, ensuring its safety and quality.
Q18: When a shareholder brings a _ action,he
Q22: A partner admitted as a partner into
Q24: Under the UPA,partners hold title to firm
Q36: Under the RULPA,a limited partner probably will
Q40: Limited liability is not a feature of
Q41: An accountant cannot be held liable for
Q44: A business partner whose potential financial loss
Q46: Testing of prospective employees:<br>A) cannot have been
Q47: A landowner is not under any duty
Q55: Shareholder A sold 500 shares of ABC