Collusive bidding refers to an agreement among two or more competitors to change the bids they otherwise would have offered absent the agreement. Where collusive bidding is well established, prices can rise substantially, in some cases by as...
business organizations
commerce power
Commerce power refers to Congress’s power to regulate the channels and instrumentalities of interstate commerce.
Channels refers to the highways, waterways, and air traffic of the country. Instrumentalities refers to cars, trucks,...common stock
Common stock is a class of stock that represents equity ownership in a corporation. Owners of common stock, called shareholders, are entitled to the following rights:
Voting rights to elect the members of the board of directors....company
A company is any form of business organization that engages in a business or commercial activity for profit. Commonly, companies are incorporated as separate legal entities from their owners, and they have rights, liabilities, and legal...
compensation committee
The compensation committee is a committee composed of a company’s board of directors in charge of reviewing and approving the compensation of a company’s officers.
Securities and Exchange Commission (SEC) Rule 10C-1 requires...
comptroller
A comptroller is a senior executive who oversees the accounting and financial reporting of a business or government department. The comptroller is responsible for preparing financial reports and overseeing all accounting, including payroll,...
consent decree
A consent decree (also known as a consent order) is a decree made by a judge with the consent of all parties. It is not strictly a judgment, but rather a settlement agreement approved by the court. The agreement is submitted to the court in...
consent order
A consent order (also known as a consent decree) is a decree or order made by a judge with the consent of all parties. It is not strictly a judgment, but rather a settlement agreement approved by the court. The agreement is submitted to the...
consortium
Consortium in commercial context means an association, combination or partnership of businesses, financial institutions or investors engaged in a joint venture.
In the context of family law, consortium means the benefits a...
contribution
Contribution is an important term in the fields of business and tort law.
Tort LawIn the field of tort law, contribution refers to an action a defendant may bring in a joint and several liability jurisdiction to recover...