Examlex
Which one of the following statements concerning capacitors of unequal capacitance connected in series is true?
Preincorporation Contract
An agreement entered into on behalf of a corporation before it is legally formed.
Corporate Promoter
An individual or entity that undertakes the efforts to organize and establish a corporation, including arranging initial capital, legal requirements, and business plans.
Liable
Subject to legal responsibility or obligation, typically involving financial restitution.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another party, such as a trustee's duty towards a beneficiary.
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