Examlex
__________ refers to the value a person places on the outcome of a situation.
Close Corporations
A designation for corporations with a limited number of shareholders and operations that are more informally managed, often without a board of directors.
MBCA
stands for the Model Business Corporation Act, a model set of laws prepared to assist states in drafting their own corporation statutes.
Preincorporation Services
Services performed or actions taken in the name of a corporation prior to its legal formation.
Gratuitous Promise
A promise made without expecting anything in return, often not legally enforceable due to the lack of consideration.
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