In a Common Law Legal System

question 15

Multiple Choice

In a common law legal system:

• A)The primary source of law is legislation.
• B)The decisions of judges are not recorded as a source of law.
• C)The model of law is the Roman model
• D)The two main sources of law are legislation and case law.

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Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares rather than cash.

Market Value

The contemporary rate at which a marketplace allows the purchase or sale of an asset or service.

Paid-In Capital

Funds received from investors in exchange for common or preferred stock.

Dividend Preference

A feature of preferred shares granting holders the right to receive dividends before common shareholders in the event of a dividend distribution.