Industries Have Opted for Self-Regulation of Their Members to Ensure

question 213

Essay

industries have opted for self-regulation of their members to ensure that each acts fairly.Discuss potential problems associated with self-regulation.

---

Definitions:

Fourth Amendment

A provision in the U.S. Constitution protecting individuals from unreasonable searches and seizures by the government.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, with certain conditions for later adoption by the corporation.

Promoters

Individuals or entities that undertake the preliminary activities required to establish a corporation or organize a business venture.

Corporate Veil

A legal concept that separates the actions and liabilities of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.