Examlex
A defendant need not actively induce a breach of contract to be held liable for interference with contractual relations.
Limited Liability
A legal structure for a business where the owners' personal assets are protected from the company's debts and liabilities, limiting their risk to the amounts they have invested in the company.
Mutual Agency
A legal principle in partnership businesses where each partner is authorized to act on behalf of the partnership and bind it in contracts.
Authorized Capital Stock
As stated in its charter, the number of shares of capital stock (common and preferred) that a corporation can sell.
Issued Capital Stock
Stock that the corporation issues for assets or services contributed by the stockholders.
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