Examlex
The social correlates that are most closely associated with delinquency are:
Liability
A legal responsibility or obligation, particularly in terms of debts or financial compensation for loss or damage caused by one's actions or inactions.
Preincorporation Contracts
Agreements entered into on behalf of a corporation before it is legally formed, for which the corporation may later assume liability.
Promoter
An individual or company responsible for organizing and financing the initial operations of a business venture or organizing events, often taking significant financial risks.
Incorporation
The process of legally declaring a corporate entity as separate from its owners, providing protection from personal liability and other benefits.
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