TABLE 7.1 Use the Table to Answer Following Question(s)

question 28

Multiple Choice

TABLE 7.1
Use the table to answer following question(s) .
April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts) .

-Refer to Table 7.1. The exercise price of ________ giving the purchaser the right to sell pounds in June has a cost per pound of ________ for a total price of ________.

• A) 1460; 0.68 cents; $425.00
• B) 1440; 1.06 cents; $662.50
• C) 1450; 1.02 cents; $637.50
• D) 1440; 1.42 cents; $887.50

Understand the roles and limitations of corporate bylaws and articles of incorporation.

Comprehend the mechanisms and consequences of defective incorporation and the doctrine of estoppel in corporate law.

Know the legal status and rights of corporations under the U.S. Constitution.

Understand the procedures for dealing with ultra vires acts in a corporate setting.

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Definitions:

Rawls

A philosopher known for his theory of justice as fairness, emphasizing equal basic rights, liberty, and the distribution of social goods.

Principles of Justice

Fundamental ideals of fairness and equity that guide moral and legal reasoning.

Rational Mind

Denotes the aspect of human cognition that processes information logically, making reasoned judgments.

Rawls

denotes the philosophy of John Rawls, particularly emphasizing the principles of justice as fairness, which include the ideas of the original position and the veil of ignorance as methods to determine societal norms.