Stock Can Be Issued Only in Exchange for Cash

question 65

True/False

Stock can be issued only in exchange for cash.

---

Definitions:

Foster Child

A child placed into a temporary or permanent caregiving situation with adults other than their biological parents.

Respondeat Superior

A doctrine in agency law under which a principal (employer) may be held liable for the wrongful acts committed by agents or employees acting within the scope of their agency or employment.

Agency Law

The legal principles governing the relationship between an agent who acts on behalf of another person or entity, known as the principal, and the extent of their legal authority.

Principal-Employer

The primary entity or individual who employs and is responsible for the actions of their workers or agents.