Through the Doctrine of Business Efficacy,a Judge Is Entitled to Imply

question 55

True/False

Through the doctrine of business efficacy,a judge is entitled to imply terms necessary to make a contract workable.

---

Definitions:

Common Stock

A type of security that represents ownership in a corporation, with voting rights and the potential for dividends.

Articles of Incorporation

A document filed with a government body to legally document the creation of a corporation; synonymous with Corporate Charter but varies by jurisdiction.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, indicating the earnings investors are making from dividends.

Cash Dividends

Earnings given by a corporation to its investors, usually in the form of profit sharing.