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The tendency to discontinue behaviors that we observe others being punished for performing best illustrates the influence of
Separate Legal Entity
A legal structure that is distinct and independent from its owners, allowing it to own assets, incur liabilities, and enter into contracts.
Shareholders
Individuals or entities that own shares in a corporation, giving them ownership stakes and sometimes rights to dividends and to vote on corporate matters.
Uniform Partnership Act
A set of laws adopted by states that governs the formation, operation, and dissolution of partnerships.
Model Business Corporation Act
A set of model laws prepared to provide a standard for state corporation statutes and promote uniformity in business law among the states.
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