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A promise to cover a loss is called
indemnification
Another name for takeover of a company
acquisiton
ROT clause means
Retantion of title
A director can be.................if he discloses confidential information( do not use fire)
removed or diqualified
Difference between a nominal value and market value is called a...........
premium
A dividend is..................to the shareholders after being declared.
distributed
Tax companys pay is called..............tax.(do not use company)
corporation
A liquidator sells the assets of the company, meaning he ...............the assets
realises
What is the role of an administrator?
Tries to save the company
Which businesses have legal entity?
LLP,Ltd,Plc
miscellanous clauses are called......clauses
boilerplates
Archaic term for Recitals is.........
WHEREAS
A party can admit a claim or ...............it which means disagree with the allegations
defend
An employee can start................procedures against an employer
grievance
A court order that orders the party in breach to stop doing something
injunction
Opposite to injured part is a ......................
party in breach
Whne too much time has passed we say that the offer ...............
lapsed
Arrears......................on debts (do not use grow)
accrue
First shareholders of the company are called
Subscribers
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