Examlex
Which of the following statements about assessing and minimizing risk is FALSE?
Pre-Incorporation Contracts
Agreements entered into on behalf of a company before it is formally incorporated, which the company may later adopt or reject.
Ratifying
The formal approval or confirmation of an agreement or treaty, often requiring the final consent of the involved parties or governing bodies.
Personal Liability
involves the responsibility of an individual to personally satisfy debt or liability, potentially involving personal assets.
Fiduciary Relationship
A legal relationship wherein one party has the duty to act in another's best interests in matters over which they hold a trust or confidence.
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