Legal Environment of Business Vocabulary please fast Use CAPITAL LETTERS for your answer Column B Section B-Directions Match the words in Column A with the best fit explanation in Column B (10 points) a corporation that are beyond a corporation\'s expressed or implied Acts of power Preferred stock Lirnited partnersh B. A debl security that represents the borrowing of funds by firms and governments Equity Securities in which the owners have preferences over control earnings, and assets of a corporation C D. The actual rocess of collecting, iquidating, & disturbing partnership assets Ultra vires Buy-sell agreement or Buyout agreement partnership consising of at least one general partner and one or more limited partners corporations F. A corporation whose shares are not publicly traded but usually held by family members of a relatively small group of persons G. Allows the date of maturity of a negotiable instrument to be extended into Extension dlause Buyout price Holding company the future H. A corporation formed for the purpose other than making a profit. The profits of a corporation retained, or kept/invested in the business J. Provides for one or more partners to buy out the other or others, should the uation warrant K. The amount that would have been distrusted to the partner if the L. A signed wilting or record that contains an unconditional promise or order to Public corporation partnership had been wound up on the date of dissociation pay an exact amount either undemand or at a specified future time. | An association of two or more persons to carry on as co- for prolit A company whose business activity consists of holding shares in another company The profits of a corporation distributled to shareholders Articles of Partnership Confession of Padgment Partnership O. Pierce the corporate P Personal and corporate interests are mixed together to the extent that the corporation has no separate identity instrument to either pay or accept the instrument. -governmenta!purpose U. A demand made by or on behalf of a person entitled to enforce an V. A cooperation formed by the government to meet some political or W An agreerment between partners which can include almost any terms that X. One who starts and assumes the financial risks of a new enterprise and Y. An act by the debtor permilting a judgment to be entered against him or her Retained earnings Closely heled corporation Common stock the parties specity Presentnent who·undertakes toprovide-or to control its management. od by a creditor, for an agreed sum, without the institution of legal pr General ownership or equity in a corporation which entities the stockholders to control, earnings and assels Trade acceptance Q A term used to describe acts by the owners of a corporation to perpetrate a Goodwill fraud, circumvent the law, or in some other way accomplish an illegitimate objective Joint liability Winding up Negotiable instrument T A type of draft that is used in the sale of goods R. The val.