Examlex
An enforceable contract may result from a letter or signed notes on a napkin if it has these elements:offer and acceptance, competency of parties, legality of subject matter, and consideration (money, motive, or promise exchanged).
Personal Assets
Assets owned by an individual as opposed to those owned by a business or an institution.
Transfer Agent
A trust company, bank, or similar financial institution assigned by a corporation to maintain records of investors, account balances and transactions, and to manage dividends and other disbursements.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the company.
Financial Institution
An organization that provides financial services, such as banking, insurance, investment management, and loans to individuals, businesses, and governments.
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