Legal History

Was the act of 1871 repealed? Though Congress repealed the territorial government in 1874, the legislation was the first to create a single municipal government for the federal district. District of Columbia Organic Act of 1871. Long title An Act to provide a Government for the District of Columbia. Nicknames District of Columbia Organic Act … Read more

One of the most important innovations in the history of the corporate world is the idea of limited liability. It alludes to the legal framework that restricts a shareholder’s or owner’s financial liability to the amount of their investment in a business. This means that in the event of a company’s failure, the shareholders’ or … Read more