Examlex
Match the following common procedures and suffixes with the correct definition.
--centesis
Government Regulation
The laws and rules enacted by government agencies to supervise and control activities within various industries and sectors.
Separate Legal Existence
The concept that a corporation's identity is legally distinct from its owners, thus it can own property, incur debts, and be sued in its own name.
Continuous Life
A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.
Limited Liability
Limited Liability is a legal structure that limits the amount of financial risk and liability to the amounts invested in a company, protecting personal assets of the owners from business debts.
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