Examlex
It is common for institutions financing automobile dealers' new car inventories to purchase a(n) _______ insurance policies to insure against damage to the automobiles while in inventory.
Articles of Incorporation
A document that establishes the existence of a corporation in the United States and includes basic information like the corporation's name, type of corporation, and the nature of the business.
State Incorporation Statutes
Laws governing the process by which companies are recognized as legal entities under the state's jurisdiction.
Shareholders
Individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.
Personally Liable
The state of being legally responsible for something on a personal level, as opposed to through a corporate or collective entity.
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