Business Law GLOSSARY
Glossary of Business Law Terms
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- V -
Voting Trust: A trust which solicits vote proxies of
shareholders of a corporation to elect a board of directors and vote
on other matters at a shareholders' meeting. A voting trust is
usually operated by current directors to insure continued control.
Venue: The place of trial.
Verdict: The decision of the case reached by the jury.
Vicarious Liability: The liability of one person for the
torts of another.
Voluntary Dissolution: The intentional dissolution of a
corporation by its own management.
Voting Right: The right enjoyed by shareholders to vote