Examlex
Which of these is a disadvantage of prototyping?
Transfer of Shares
The process of moving ownership of shares from one party to another, either through sale, gift, or inheritance, commonly documented by a stock transfer form.
De Facto Corporation
A business entity that operates like a corporation but without legal incorporation status, often recognized by courts for liability purposes.
Defective Incorporation
A legal term referring to the situation where a company has been incorrectly or incompletely formed, potentially affecting its legal status and liabilities.
Personal Liability
The legal responsibility of an individual to settle debts or damages out of their own assets.
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