The term is normally used in a situation where there is need for court to call persons behind a corporate entity like a company to answer for their deeds. 2003-2012 Princeton University, Farlex Inc. Based on WordNet 3.0, Farlex clipart collection. friend- a person you know well and regard with affection and trust 'he was my best friend at the university'. so as to give the later their freedom of operation. Alter ego means a person considered to be very close to another person or to an organisation. alter ego- a very close and trusted friend who seems almost a part of yourself.
Also such dealings are common in government’s affairs with other bodies, such as the judiciary, the press, public bodies, private sector, etc. Special summer series on Latin phrases While many of Latin words are still used in todays English-speaking academia, not many.
A role that an actor often plays is sometimes described as the actors alter ego. SMART Vocabulary: related words and phrases. A character in a book or film is sometimes viewed as an authors alter ego. The main implication of not having an arm’s length deal could be additional taxes by the taxation authorities if they find an unfair business being conducted at a lower price thereby resulting in loss in state’s tax collection. the part of someones personality that is not usually seen by other people: Superman is Clark Kents alter ego. This comes from the phrase “to keep at an arm’s length” which means to maintain sufficient distance from someone so as to to exclude any intimacy or feelings towards the other person/party. for example, agreements between two relatives might be loose on some points and give one party some unfair advantage, of course with the knowledge of other party but such a business is said to be not an arm’s length transaction. The dealing is without any affiliation towards each other and is strictly as business deal, it is called arm’s length transaction. the term is used for transactions, pricing or deals agreed upon by wo such parties, in a manner that does not take into consideration any kind of relation the two parties might share say for example, previous financial agreements, blood relation, etc. For purposes of New York and New Jersey State ethics rules, please take notice that this website and its case reviews may constitute attorney advertising.Adj. Before making any decision or accepting any legal advice, you should have a proper legal consultation with a licensed attorney with whom you have an attorney-client privilege.
It is not a substitute for professional legal assistance. All information available on our site is available on an "AS-IS" basis. second self, counterpart, 1530s, from Latin phrase (used by Cicero), a second self, a trusted friend (compare Greek allos ego) see alter and ego. It is possible that the law may not apply to you and may have changed from the time a post was made. According to Sigmund Freud, Austrian physician and founder of psychoanalysis, there are basically three dimensions that determine people’s behaviors and attitudes: ego, id and superego. The law is also subject to change from time to time and legal statutes and regulations vary between states. Alter-ego by dictionary definition means another side of oneself a second self 1. The people providing legal help and who respond are volunteers who may not be lawyers, legal professionals or have any legal training or experience. When you submit a question or make a comment on our site or in our law forum, you clearly imply that you are interested in receiving answers, opinions and responses from other people. Alter-ego transference is a concept taken from the relatively new school of self-psychology as proposed by Heinz Kohut in his work during the 60s, 70s, and. Legal Disclaimer: The content appearing on our website is for general information purposes only.