Examlex
Which type of corporation is taxed separately from its shareholders?
Existing Contracts
Legal agreements that are currently in force between parties, outlining rights and obligations of those parties.
Federalism
A system of government in which power is divided between a central authority and constituent political units.
Govern Authority
Pertains to the legal power or right held by a government body to regulate, control, or manage individuals, entities, or property.
Supremacy Clause
A provision in the U.S. Constitution stating that federal law takes precedence over state laws.
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