When There Is A(n) ________ (A Right to Seize Property)

question 134

Multiple Choice

When there is a(n) ________ (a right to seize property) , or when there is a right to set off a debt against the obligations created by the contract, the parties themselves may be able to enforce the contract without the help of the courts.

• A) provision
• B) indemnity
• C) lien
• D) obligation
• E) court order

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Definitions:

Preferred Stock

Class of capital stock that has preference to a corporation’s profits and assets.

Book Value

The net value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus accumulated depreciation.

Common Stock

Shares representing ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing the owners' share of the company.