Terms Used In Idaho Code > Title 30 > Chapter 2 - Sale of Franchise On Execution

• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• person: includes a corporation as well as a natural person;