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    Canadian Business And The Law Study Set 2
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    Exam 16: The Corporate Form: Operational Matters
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    What Is the Legal Term for the Corporate Practice of Paying
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What Is the Legal Term for the Corporate Practice of Paying

Question 7

Question 7

Multiple Choice

What is the legal term for the corporate practice of paying the litigation expenses of officers and directors for lawsuits related to corporate affairs?


A) compensation
B) indemnification
C) ratification
D) surety

Correct Answer:

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