Examlex
If you are a member of a certified class in a class action lawsuit, which of the following is a possible outcome?
Corporation
A legal entity that is separate from its owners, providing limited liability, and is able to own property, incur debt, sue and be sued.
General Partner
An owner of a partnership who is responsible for its operations and is liable for its debts without limitation.
Shareholder
An individual or organization that owns at least one share of a company's stock, making them a part owner of that company.
Unincorporated
Refers to a business or organization that hasn't been legally established as a corporate entity, and thus, its owners bear personal liability for its debts and actions.
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