Examlex
Which of the following is the best example of the principle of propinquity?
Incorporated
The process by which a business takes on legal status as a corporation, which is recognized as a separate legal entity from its owners, with rights to own assets, incur liabilities, and sue or be sued.
Materially Altered
Describes a significant modification to an object, document, or agreement that changes its original condition or intent.
Merchants
Individuals or businesses engaged in the commercial trade of goods, services, or commodities.
Standardized Form
Documents or procedures that have been uniformed across a setting or industry to ensure consistency and efficiency.
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