Examlex
In addition to starting, stopping and controlling the speed of a motor, the controller may be required to respond to a number of conditions. List four examples of these conditions.
De Facto Corporation
A business treated as a legally incorporated company for all purposes except against the state in a direct proceeding, despite not completing the incorporation process properly.
De Jure Corporation
a corporation that is legally established and operating in accordance with the law.
Common Stock
Corporate stock that does not convey any preference to its holders.
Preferred Stock
Stock that conveys preferences to its holder with respect to assets and dividends.
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