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The M'Naghten rule states that a person did not intend to commit the illegal act and cannot be held responsible for the act.
Corporate Veil
A legal concept that separates the actions and liabilities of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.
Fraud
A deliberate deception to secure unfair or unlawful gain.
Express Corporate Powers
The specific authorities granted to a corporation through its charter and state law, allowing it to perform certain actions.
Corporate Veil
A legal concept that separates the identity and responsibilities of a corporation from those of its shareholders, protecting them from personal liability in most cases.
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