Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence. Since it is a separate legal entity, a corporation has continuity regardless of its owners.
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The Treaty of Tordesillas was the commitment subscribed in the town of Tordesillas, located in the current province of Valladolid, Spain, on June 7, 1494, between the representatives of Isabella and Ferdinand, kings of Castile and Aragon, by one part, and those of King Juan II of Portugal, on the other, by virtue of which a division of the navigation and conquest zones of the Atlantic Ocean and the New World was established by a line located 370 leagues west of the islands of Cape Verde, in order to avoid conflict of interests between the Hispanic Monarchy and the Kingdom of Portugal. In practice this treaty guaranteed the Portuguese kingdom that the Spaniards would not interfere in their route of the Cape of Good Hope, and vice versa the first would not do so in the recently discovered Antilles.
The Romans did not have a representative democracy.They elected the executive officers of state instead. All adult male Roman citizens had the right t
The rich people in Africa practiced slavery by sending people to islands to work
Mercantilism was a system of economic strategy that tried to strengthen domestic economic strength by increasing exports and reducing imports. Free Enterprise was a much more liberal system of economy where states, rather than seeing economy as a competition, saw trade as a mutually beneficial agreement.
