Examlex
Suppose the equilibrium price of good X is $25 and the equilibrium quantity is 124 units.If the price of good X is $2:
Limited Liability
The legal principle where an individual's financial risk is restricted to a fixed amount, typically the value of their investment in a company, protecting personal assets from business debts and obligations.
Corporate Constitutional Rights
The legal rights and protections granted to corporations, treating them as entities that can exercise certain rights similar to individuals.
Corporate Citizenship
The commitment of a company to behave ethically and contribute to economic development while improving the quality of life of employees, communities, and society at large.
Corporation by Estoppel
A legal doctrine preventing one from denying the corporate status of an entity to escape liability after having treated it as a corporation.
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