An Initial Public Offering (IPO) Represents the First Time a Corporation's

question 114

True/False

An initial public offering (IPO) represents the first time a corporation's stock is offered and sold to persons outside of the company.

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Definitions:

Contracts

are legally binding agreements between two or more parties that are enforceable by law.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made to a second party if the second party has reasonably relied on that promise to their detriment.

Incarceration

The act of confining someone in a prison or similar facility.

Compensatory Damages

Compensatory Damages are awarded in civil lawsuits as a monetary compensation to the plaintiff for losses or injuries suffered due to the defendant's actions.