Examlex
What is a central location in which data is stored and managed?
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.
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