Winstead Co is authorized by its articles of incorporation to sell 50,000 shares of stock. The company:
A) may not sell 55,000 shares under any circumstances.
B) must sell the number of shares authorized by its articles of incorporation.
C) would issue void securities for any shares the company purports to sell over the 50,000.
D) must repay, with interest from the date of purchase, any purchaser of shares over 50,000.
C
You might also like to view...
Briefly explain why the European Union could be considered a threat to U.S. marketers that want to do business in Europe
What will be an ideal response?
A parent's refusal to obtain medical care for a child can be punished as a crime
Indicate whether the statement is true or false
Consumer resistance to using self-checkout lines has resulted from a ________ cost in using a new service.
A. Search B. Monetary C. Time D. Psychological E. Convenience
The _________ facility enables communicating nodes to encrypt messages to prevent eavesdropping by third parties
A) security B) key management C) authentication D) confidentiality