A Capital Sum of Money Due as a Debt or Used

question 67

Multiple Choice

A capital sum of money due as a debt or used as a fund for which interest is either charged or paid is called

• A) disbursement.
• B) reconciliation.
• C) principal.
• D) holder.

Comprehend the legal framework governing corporations, including key legislative acts like the Sarbanes-Oxley Act and the Revised Act.

Understand corporate governance structures, including the role of the board of directors and the audit committee.

Recognize the rights of shareholders in meetings, derivative suits, and the enforcement of claims.

Understand the concept of fiduciary duties and the business judgment rule as it applies to corporate governance.