Examlex
Which statement about shyness is NOT true?
Debt
Debt is an amount of money borrowed by one party from another, typically with the arrangement that it will be paid back, often with interest.
De Jure Corporation
A corporation that has fully complied with all legal requirements for incorporation and therefore enjoys all the powers and rights granted to corporations under the law.
De Facto Corporation
A company that operates as if it were legally incorporated, even though it has not completed the necessary legal formalities and documentation.
Corporation By Estoppel
Corporation by estoppel is a legal doctrine preventing someone from denying a business's corporate status when they have treated it as a corporation in previous transactions.
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