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In Hickman V

question 103

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In Hickman v.Bates,involving the sale of land by the plaintiff to the defendant,the court found:


Definitions:

Par Value

The nominal or face value assigned to a share of stock or a bond, used in legal documents and usually unrelated to market value.

Corporate Charter

A corporate charter is a legal document that establishes a corporation, setting forth its structure, powers, and objectives as granted by the state.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or the holders.

Cash Dividend

A payment of profits by a company to its shareholders in the form of cash, typically issued on a quarterly basis.

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