Allison holds stock in CTC Drugs, a leading pharmaceutical company. In 2015, Allison traded her stock for another type of stock that granted her the right to vote and the right to participate in income through dividends
Which class of stock did Allison own initially?
A) cumulative preferred stock
B) participating preferred stock
C) convertible stock
D) common stock
C
You might also like to view...
Hollow, modular, and virtual structures lead to a ________ organization.
A. functional B. network C. simplistic D. boundaryless E. matrix
Which of the following is not a strength of the trait approach?
A. self-confidence is the trait most important to leadership B. it is appealing to identify special traits in leaders C. more than a century of research has been conducted on traits D. it provides a benchmark for what traits to look for in individuals
All but which one of the following is required of a negotiable instrument?
a. It must be payable only out of a particular fund. b. It must contain an unconditional promise or order to pay a fixed amount in money. c. It must be payable on demand or at a definite future date. d. It must be in writing and signed by the maker or drawer.
Courts distinguish between mere gifts between parties and legally binding commitments by the element of consideration.
Answer the following statement true (T) or false (F)