Examlex
Infants speak their first words at about 6 months of age.
Operation of Law
A legal term that indicates a right or liability is created or extinguished automatically due to existing laws, rather than by the act of a party.
Term Partnership
A business arrangement between two or more individuals who have agreed to jointly conduct business activities for a specific period of time.
Dissolve
The formal closure or termination of a corporation or partnership, often involving liquidation of assets to pay creditors.
Express Authority
Explicit permission granted to an agent by a principal to perform certain acts or transactions.
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