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Credentials of Counselors May Be Checked and Other Helpful Information

question 384

Multiple Choice

Credentials of counselors may be checked and other helpful information can be obtained from local branches of organizations, such as


Definitions:

Incorporated

The process of legally declaring a corporate entity as separate from its owners, providing it with certain legal rights and responsibilities.

Veil Will Be Pierced

A legal principle that allows for the corporate structure to be disregarded, exposing the shareholders to personal liability, typically in cases of fraud or when the corporation is a sham.

Separate Legal Entities

A status whereby a business is legally considered an independent entity from its owners, allowing it to own property, incur debt, sue, and be sued.

Minimum Contacts Test

A legal standard used to determine whether it is appropriate for a court in one jurisdiction to assert personal jurisdiction over a defendant from another jurisdiction.

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