Examlex
The population of lengths of aluminum-coated steel sheets is normally distributed with a mean of 30.05 inches and a standard deviation of 0.3 inches.What is the probability that the average length of a steel sheet from a sample of 9 units is more than 29.95 inches long?
Corporation by Estoppel
A legal doctrine that prevents a party from denying the corporation's existence for the purposes of a transaction if they have acted as if the corporation existed.
Defectively Organized
Pertains to an entity or arrangement that has been set up with errors in its structure or legal compliance, affecting its validity or functionality.
Purported Shareholders
Individuals or entities that are claimed to hold shares or ownership in a company, possibly without formal recognition.
Conditions Precedent
Specific conditions that must be met before a contract becomes effective or before an obligation to perform is triggered.
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