Examlex
Which one of the following individuals or entities is ineligible to be an S corporation shareholder?
Adequate Market
An economic concept where there is a sufficient number of buyers and sellers for a particular product or service.
Common Law
A legal system based on precedent and judicial decisions, rather than written laws or statutes, primarily in the UK and former British colonies.
Objectively Inferred
Conclusions or deductions made based on objective facts or evidence, without influence from personal feelings or perspectives.
Revoke
To officially cancel or withdraw an offer, license, right, or permission that has been granted.
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