Examlex
It always rains about an hour after you finish washing your car. Concluding that washing your car caused it to rain is an example of the
Duty of Care
A legal obligation imposed on individuals or entities requiring adherence to a standard of reasonable care to prevent harm to others.
Illegal Dividends
Dividends distributed by a company despite it not having sufficient profits or legally available capital, violating corporate law or its own articles of incorporation.
Shareholder's Derivative Suit
A legal action brought by shareholders on behalf of a corporation to enforce or defend its rights when the corporation's management fails to do so.
Black Market
An illegal trade of goods or services that violates governmental regulations, often to avoid taxes or because the goods are prohibited.
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