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Simple English definitions for legal terms

instrumentality rule

Read a random definition: inveigle

A quick definition of instrumentality rule:

The instrumental rule is a principle that says if one corporation controls another corporation to a great extent, the controlled corporation is treated as a subsidiary of the controlling corporation. This means that the controlling corporation has a lot of power over the controlled corporation and can make important decisions for it. It's like when a big brother or sister helps their younger sibling with their homework or makes decisions for them because they are not old enough to do it themselves.

A more thorough explanation:

The instrumentality rule is a principle that states that a corporation can be considered a subsidiary if it is controlled to a significant extent by another corporation. This means that the controlling corporation has a significant influence over the subsidiary's operations and decision-making processes.

For example, if Corporation A owns a majority of the shares in Corporation B and has the power to appoint the majority of the board of directors, then Corporation B can be considered a subsidiary of Corporation A under the instrumentality rule.

Another example is when a parent company creates a separate subsidiary to carry out a specific business function, such as marketing or research and development. The subsidiary is controlled by the parent company and operates under its direction, making it subject to the instrumentality rule.

The instrumentality rule is important in determining the legal liability of corporations. If a subsidiary is found to have engaged in illegal activities, the parent company may also be held responsible under the principle of vicarious liability.

instrumentality | instrumenta noviter reperta

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Dkk
19:36
Stay off reddit. It will do this to your brain:
19:37
google contracted with reddit to train their ai how people talk. lol the 'ai future' is going to be full of search results FED REDDIT POSTS. unplug the internet now! https://www.reuters.com/technology/reddit-ai-content-licensing-deal-with-google-sources-say-2024-02-22/
Google AI is actually pretty cool though. Only when its actually accurate though.
19:40
by pretty cool, do you mean smug pseudo intelect?
Dkk
19:40
THE INTERNET WAS A MISTAKE. END IT NOW.
Dkk
19:40
Google AI kept telling me schools were not binding ED when they were. Really annoyed me.
Dkk
19:41
Yeah, when accurate it is nice.
this election has the potential to push america further into ultranationalist populism
Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
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