Constructive Dividends Do Not Need to Satisfy the Legal Requirements

question 64

True/False

Constructive dividends do not need to satisfy the legal requirements for a dividend as set forth by applicable state law.

Understand the components and importance of employment contracts, including the provision related to restraint of trade.

Identify the evidence required by courts to prove a transaction is usurious.

Explain the concept of public policy and identify agreements that violate public policy.

Distinguish between regulatory and revenue-raising licensing statutes and understand their significance in contract law.