Skip to main content

business sectors

alter ego

Alter ego is a legal doctrine whereby the court finds that a corporation lacks a separate identity from an individual or corporate shareholder. The court applies this rule to ignore the corporate status of a group of stockholders, officers, and directors of a corporation with respect to their limited liability.

animal testing

Animal testing refers to the use of animals for scientific research. They can be used in scientific research for a variety of purposes, including studying biology, psychology and disease, testing pharmaceutical products, and cosmetics, among other products. Because such experiments are likely to cause suffering and death to animals, they are regulated to varying degrees in different countries and have generated ethical controversy.

annuity

Annuities are long-term contracts between individuals and insurance companies that individuals typically enter into as part of retirement planning. Individuals make payments to the insurance company, which the insurance company will in turn invest. Insurance companies will then make regular disbursements to the individual, which are guaranteed for an agreed upon per

annulment

An annulment is a legal procedure that voids a marriage and declares it null from its inception. Unlike divorce, the effect of declaring a marriage void is retroactive, meaning that the marriage was void at the time it was entered into. It applies when an impediment to a legal marriage existed at the beginning of the marriage.

Subscribe to business sectors