Examlex
Cohort effects
Self-Dealing
Any instance in which directors or officers make decisions that violate their corporate duty of loyalty.
Penalty
A punishment imposed for breaking a law, rule, or contract which often involves paying a fine or undergoing some form of restraint.
Implied Powers
Powers not explicitly stated but are considered necessary for fulfilling the expressly granted powers of an authority or government body.
Incorporated
refers to the process by which a business becomes a legally recognized entity that is distinct from its owners, providing benefits like liability protection and tax advantages.
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