Business Law GLOSSARY

Glossary of Business Law Terms

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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 their shares.