Examlex
What attributes of a controlled subsidiary corporation are carried over to the parent when the subsidiary is liquidated?
Avoid
In legal terms, to nullify or declare a contract void and unenforceable, as if it never existed.
Reasonable Person
A legal standard used to determine how an average person would responsibly act in certain circumstances.
Duty
A legal or moral obligation to act or refrain from acting in a certain way.
Standard
A set of established criteria, guidelines, or definitions used to measure or compare the quality, quantity, or value of products, services, or practices.
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