Which of the Following Is TRUE

question 49

Multiple Choice

Which of the following is TRUE?

• A)The shareholder has an automatic right to a dividend if a profit is made by the corporation.
• B)A shareholder has a right to share in the corporation's assets upon its winding up.
• C)A shareholder is always entitled to one vote per one share owned.
• D)A shareholder is entitled to use the assets of the company
• E)Both A and C

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Definitions:

Enforceable

Pertaining to a legal agreement or contract that is valid under the law and can be upheld and compelled by legal means in a court of justice.

Writing

A method of recording language through the inscription or recording of signs and symbols.

Lease

A transfer of the right to possession and use of goods for a term in return for consideration.

Possession and Use

The right to hold property and utilize it, which can be exclusive to the owner or shared with others.