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piercing the coporate veil

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10y ago
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1d ago

The term for the process whereby a person is held responsible for the actions of a business is "liability." This can include legal, financial, or ethical responsibilities for the business's actions.

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Q: What is the term for the process whereby a person is held responsible for the actions of a business?
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What does motion to terminate receivership and discharge receiver mean?

A motion to terminate receivership and discharge the receiver is a legal request to end the appointment of a third-party (the receiver) who was tasked with managing a specific property or business. Once the court grants the motion, the receiver's duties and authority are extinguished, and control is returned to the rightful owner. This typically occurs when the conditions that led to the appointment of the receiver have been resolved or when the court determines that the receiver is no longer necessary.


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"Order in terms" refers to a court ruling that includes specific instructions or terms to be followed by the parties involved in a legal case. It is a formal directive issued by the court outlining the actions or obligations to be fulfilled by the parties.


A policy whereby a certain number of Indian slaves were granted to landowners by the king is called What?

The policy you are referring to is known as the encomienda system, where Spanish conquistadors were granted the right by the king to extract labor and tribute from indigenous peoples in the Americas.


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A stay of judgment is an order whereby the court temporarily suspends making a judgment in a case, usually to allow for additional evidence or time for parties to reach a settlement. This provides parties an opportunity to address any pending issues before a final decision is made by the court.


What is a sentence for loophole?

He found a legal loophole that allowed him to avoid paying taxes on his income.

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