Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

corporate immunity

Read a random definition: praemium emancipationis

A quick definition of corporate immunity:

Corporate immunity is when a company or its employees are protected from being held responsible for any harm they may cause. This protection is given to them by the law and is meant to encourage businesses to operate without fear of being sued. It is similar to how some people, like government officials or diplomats, are also given immunity from certain legal actions. However, this immunity does not mean that companies can do whatever they want without consequences. It only applies in certain situations and is meant to balance the needs of businesses and the public.

A more thorough explanation:

Corporate immunity is a type of immunity that provides protection to a corporation or its officers from being held liable for certain actions. Immunity means exemption from a duty, liability, or service of process. For example, a corporate officer may be immune from personal liability for a tortious act committed while acting in good faith and within the course of corporate duties.

Example: A CEO of a company is not held personally responsible for a decision that results in financial loss to the company, as long as the decision was made in good faith and within the scope of their duties.

This type of immunity is granted to protect the corporation and its officers from being held liable for actions that are necessary for the corporation to function. It is important to note that this immunity does not protect corporations or their officers from criminal liability or intentional wrongdoing.

corporate franchise | corporate indenture

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.