Once an owner of convertible preferred stock has converted to common, he or she cannot convert back to preferred
Indicate whether the statement is true or false
True
You might also like to view...
Good business relationships are built on your knowledge of your company, industry, and customers' needs.
Answer the following statement true (T) or false (F)
Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for damages. Neal will be able to recover
a. the amount in the liquidated damages clause. b. the difference between Solomon's contract price and the amount paid by Renny. c. Solomon's contract price. d. an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
The trustee of a property in a trust has a duty to manage the property for the benefit of the:
a. executive b. owner c. leader d. executor e. none of the other choices are correct
Fernando owes Lucia $8,000 . They both realize he is unlikely to be able to repay that much, so Lucia says: "Pay me $5,000 and we'll call it good." Fernando pays the $5,000 . This settlement is called:
a. preexisting duty b. liquidated debt c. unliquidated debt d. rescission e. none of the other choices