Examlex
Owen is in charge of the trauma response team at a large university hospital.His job is to manage large-scale medical emergencies when they occur. He often yells orders at medical staff,and anyone who challenges him during an emergency is suspended.How effective is the trauma response team likely to be at coping with large-scale medical emergencies with Owen in charge?
De Facto Corporation
A business operating as if it were a legally incorporated company, despite not having completed the formal incorporation process, and is often treated as such by the law under certain conditions.
Creditor
An entity to which a debtor owes money.
Incorporator
A person or entity that signs the articles of incorporation, thereby initiating the creation of a corporation.
De Jure Status
A legal term that means something is recognized by law, regardless of the actual situation on the ground.
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