Examlex
First-line managers are responsible for setting organizational goals, defining strategies for achieving them, monitoring and interpreting the external environment, and making decisions that affect the entire organization.
Avoidance Powers
Legal powers granted to bankruptcy trustees or debtors in possession to invalidate certain pre-bankruptcy transactions made by the debtor, to protect the bankruptcy estate.
Bankruptcy Trustee
An individual appointed by the court to oversee and administer a debtor's estate in a bankruptcy case, ensuring the fair distribution of assets to creditors.
Mutual Mistake
A legal concept where all parties involved in a contract have a shared misunderstanding about a fundamental fact of the contract.
Qualified Pension Plan
A retirement plan that meets requirements set by the IRS, offering tax benefits to the employer and protection for the employees.
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