CONSTRUCTIVE FRAUD Definition

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CONSTRUCTIVE FRAUD is an act, statement, or omission which operates as a fraud, although perhaps it was not intended to be such.

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MARKET CAPITALIZATION is the total dollar value of all outstanding shares. It is calculated by multiplying the number of shares times the current market price. The term is commonly referred to as 'market cap'.

PRIVATE CORPORATION is a corporation that ownership is held by the private sector, i.e. individuals or companies.

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