Examlex
Define monopolistic competition.
Corporate Veil
A legal concept that separates the actions of a corporation from the personal liabilities of its shareholders, protecting them from being personally liable for the company's debts and obligations.
Controlling Shareholder
An individual or entity that owns a majority of a company's shares, granting them significant influence or control over the company's operations and decisions.
Separate Corporate Boundaries
A principle that maintains the legal independence between a corporation and its shareholders, protecting personal assets from business liabilities.
Piercing The Corporate Veil
Holding a shareholder responsible for acts of a corporation due to a shareholder’s domination and improper use of the corporation.
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