Owners of Stock May Receive Income in the Form Of

question 337

Multiple Choice

Owners of stock may receive income in the form of:

• A) interest.
• B) dividends and profit from selling the stock for more than its purchase price.
• C) transfer payments.
• D) rent.

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Definitions:

Assignor

A person or entity who transfers obligations along with rights to another party in the context of a legal agreement.

Assignee

A person, company, or entity who is transferred the rights or interests of another's contract or property.

Privity of Contract

A legal principle that asserts a contract cannot bestow rights or impose obligations on any person who is not a party to the contract.

Intended Beneficiary

A third party to a contract whom the contracting parties intended to benefit directly from their contact.