How Would You Go About Incorporating a Business? Describe the Information

question 116

Essay

How would you go about incorporating a business? Describe the information contained in a corporate charter.

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Definitions:

Contract

An agreement creating obligations enforceable by law between two or more parties.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made to another party, especially if the latter has relied on that promise to their detriment.

Tort of Negligence

A legal claim arising from a breach of the duty of care that results in harm or loss to another person.

Contributory Negligence

A failure to take reasonable care, which contributes to the injury complained of.