Jesse purchases 50 shares of Mountain Ridge Corporation stock. Explain what, if any, liability Jesse has to the corporation or its creditors with respect to the shares
Jesse, as a purchaser of shares, is responsible to pay the corporation either the consideration for which the shares were authorized to be issued or the consideration specified in the preincorporation stock subscription. When the corporation receives that consideration, the shares are fully paid and nonassessable. Beyond this payment, Jesse has no liability to the corporation or its creditors with respect to the shares. If Jesse were a transferee who acquired the shares in good faith and without knowledge or notice that the full consideration had not been paid, he would not be personally liable to the corporation or its creditors for the unpaid portion of the consideration.
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______________ is a specific competency in which you ask others if your understanding is correct or incorrect.
a. Perception checking b. Discussion c. Reiterating d. none of the above
Which of the following statements is CORRECT?
A. If rates fall after its issue, a zero coupon bond could trade at a price above its par value. B. If rates fall rapidly, a zero coupon bond's expected appreciation could become negative. C. If a firm moves from a position of strength toward financial distress, its bonds' yield to maturity would probably decline. D. If a bond is selling at a premium, this implies that its yield to maturity exceeds its coupon rate. E. If a coupon bond is selling at par, its current yield equals its yield to maturity.
Once the firm decides on the regions where facilities would be located (in Phase III), it must then ______.
a. determine the configuration of regional facilities b. identify any internal constraints on its available capital c. identify potential sites within each region for setting up these facilities d. determine if the firm’s future growth can be accomplished with its existing facilities
A(n) ________-tier supplier for Acme sells directly to them
Fill in the blank with the appropriate word.