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Discuss the American tradition of representative government. What were its colonial origins? How did it contribute to a rupture with the British Empire? How did it initially hinder the development of a national government following independence? Is representative government as strong today as it was when the Constitution was formed? Why or why not?
Preferred Shares
A type of stock that provides dividends and certain privileges in the event of liquidation before common stockholders.
Common Share
A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company’s profits via dividends.
Liability
The state of being legally responsible for something, especially in terms of debts or legal obligations.
Corporation's Bylaws
The official rules and regulations that govern the management and operations of a corporation, typically established by its board of directors.
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