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A ________ Is a Form of Business Organization That Combines

question 53

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A ________ is a form of business organization that combines the advantages of both a partnership and a corporation.


Definitions:

Uniform Law

A law created to account for the variability of laws among states; serves to standardize the otherwise different interstate laws. Also called model law.

State Legislatures

Elected bodies at the state level in the United States responsible for making laws.

Statutory Laws

Laws enacted by a legislative body that are set down in writing, as opposed to laws derived from court decisions (common law) or customary practices.

Stare Decisis

A legal principle that obligates courts to follow previous rulings or precedents when making a decision on a similar case.

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