Common Stock Usually Has All of the Following Features Except

question 186

Multiple Choice

Common stock usually has all of the following features except

• A)voting rights.
• B)preemptive right.
• C)residual claim to net assets.
• D)conversion privilege.

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Definitions:

E-agent

A computer program or an electronic or online platform that performs tasks or conducts transactions on behalf of users or other programs.

On-screen Confirmation

A visual acknowledgement displayed on a digital screen indicating that an action or transaction has been successfully completed.

Void

Refers to a contract or legal agreement that is deemed unenforceable and having no legal effect.

Actual Authority

The express and implied powers that an agent has been legitimately granted by a principal in an agency relationship.