With _______,Employees Receive Stock Shares or the Value of the Stock

question 40

Multiple Choice

With _______,employees receive stock shares or the value of the stock upon retiring or leaving the company.

• A)treasury bills
• B)stock certificates
• C)ESOPs (employee stock ownership plans)
• D)stock options

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Definitions:

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Real Defense

In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.

Duress

An action by one party that forces another party to do what need not be done otherwise.