Match the Terms to the Definitions

question 166

Multiple Choice

Match the terms to the definitions.
-Authorization for the corporation to redeem preferred shares in the future.

• A)Authorized shares
• B)Issued shares
• C)Outstanding shares
• D)Par value
• E)Stated capital (legal capital)
• F)Preemptive right
• G)Retained earnings
• H)Stock split
• I)Stock option
• J)Stock warrant
• K)Treasury stock
• L)Call provision
• M)Earnings per share
• N)Dividend yield ratio
• O)Dividend payout ratio

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Definitions:

Sufficient Consideration

The value that is deemed adequate by the parties involved and law as part of an agreement or contract, ensuring it is binding and enforceable.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform international sales law.

Consideration

Something of value exchanged between parties in a contract that is necessary for the agreement to be legally binding, such as money, services, or promises.

UCC

Short for Uniform Commercial Code, it is a set of laws that provide legal framework for commercial transactions in the United States.