Parties and factors that surround an organization but influence it and the risks. AKA operating environment.
Category: E
EXTERUS
EXTERNAL EQUITY
EXTINCT
Extinguished. A rent is said to be extinguished when it is destroyed andput out. Co. Litt. 1476. See EXTINGUISHMENT.Extincto subjecto, tollitur adjunc- tum. When the subject is extinguished, theIncident ceases. Thus, when the business for which a partnership has been formed iscompleted, or brought to an end, the partnership itself ceases. Inst. 3, 26, 6; 3 Kent Comm. 52, note.