Idaho Code > Title 72 > Chapter 1 – Short Title — Definitions
Current as of: 2023 | Check for updates
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Other versions
| 72-101 | Short Title |
| 72-102 | Definitions |
| 72-103 | Temporary and Professional Employers |
Terms Used In Idaho Code > Title 72 > Chapter 1 - Short Title — Definitions
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Dependent: A person dependent for support upon another.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.