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If a tariff and an import quota lead to equivalent increases in the domestic price of steel,then:
Derivative Suit
A lawsuit brought by a corporation's shareholder on behalf of the corporation against a third party, often the corporation's executives or directors.
Time of the Injury
The specific moment at which an individual is harmed or damaged, often critical in legal contexts.
Corporate Charter
The legal document that establishes a corporation and outlines its structure, objectives, and the authority to operate, also known as articles of incorporation.
Personal Liability
The legal responsibility of an individual to settle debts or obligations from their own assets.
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