Examlex

Solved

Sometimes Our Legal System Does Not Define What Is Right

question 25

Multiple Choice

Sometimes our legal system does not define what is right and wrong. The law is especially lenient in technology related areas,because


Definitions:

Distributes The Assets

The process of allocating a deceased person's property and assets according to their will or the law in cases of intestacy.

Firm's Existence

The legal status of a company as an entity that can exercise legal rights, fulfill obligations, and face liabilities independently from its owners.

Dissolve

The process of legally ending the existence of a corporation, partnership, or other formal business entity.

Apparent Authority

A situation where a third party reasonably believes that someone has the authority to act on behalf of an organization, even if they do not.

Related Questions