Examlex
Simplify the radical expression. Assume that all variables under the radical represents positive values.
Conflict of Interest
A situation where a person's private interests might influence or appear to influence their professional judgment or actions, potentially leading to ethical issues.
MBCA
Stands for the Model Business Corporation Act, a template for state statute that provides a standard for corporate law.
Closely Held Corporations
Corporations that have a small number of shareholders and whose shares are not publicly traded.
Business Judgment Rule
A legal principle that shields corporate directors, under certain conditions, from liability for decisions that harm the company if the decisions were made in good faith and with due diligence.
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