Examlex
In general, people of lower-class position
Material Breach
a significant violation of a contractual agreement that permits the other party to the contract to demand remediation or terminate the agreement.
RMBCA
The Revised Model Business Corporation Act, which guides the incorporation and operation of corporations in many U.S. states.
Disinterested Directors
Board members who do not have a personal or financial interest in a corporate decision, ensuring unbiased governance.
Conflict of Interest
A situation where a person's private interests might influence or appear to influence their professional judgment or actions, potentially leading to ethical issues.
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