A warranty of merchantability is a type of warranty that asserts that the goods are reasonably fit for its ordinary and intended purpose for which they are sold.
An implied warranty of merchantability is defined in U.C.C. §...
business law
watered stock
Watered stock refers to shares issued by a corporation in exchange for assets that undercompensate for the stock’s value. This issue was prominent in the early 20th century when investors relied on the par value of stocks, which ensured a...
well-known seasoned issuer (WKSI)
Well-known seasoned issuer (WKSI) is a category of issuer which allows greater flexibility in accessing U.S. public markets.
Qualification as a well-known seasoned issuerFor an issuer to qualify as a WKSI, they must...
whistleblogger
A whistleblogger is a whistleblower who uses a blog or similar digital platform to raise concerns about a person or entity’s misconduct or wrongdoing. This can include topics such as corruption, legal violations, fraud, or other issues that...
whistleblower
A whistleblower is an employee who alleges wrongdoing by their employer (whether public or private), that violates public law or harms a considerable number of people. Whistleblowers expose information or activities within an organization...
white-collar crime
White-collar crime generally encompasses a variety of nonviolent crimes usually committed in commercial situations for financial gain.
The following is an inclusive list of white-collar offenses: antitrust violations,...
will contract
Though transfers by will are normally donative, it is possible to use a will to form an obligatory, legally enforceable contract. A will contract is created when a promise is made and supported by consideration to leave property by will to...
winding up
Winding up refers to the ending of operations of a business by settling debts, the liquidation of assets, and distributing the remaining proceeds to the shareholders of the partnership or corporation. Winding up occurs just before the...
winding up a corporation
The process of dissolving a corporation or settling the affairs of a dissolved corporation. Winding up a corporation generally takes place when a corporation decides to end a business or declares bankruptcy. Winding up involves the settling...
withdrawal of a corporation
Withdrawal of a corporation, also referred to as dissolution of a corporation, is the termination of a corporate entity. The procedure could be conducted voluntarily or involuntarily. Ending a corporation becomes more complex with more owners...