A Company Issues No-Par Value with No Stated Value Stock

question 119

True/False

A company issues no-par value with no stated value stock. Therefore, the company has a minimum legal capital amount.

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Definitions:

Valid

In logic, pertaining to an argument in which, assuming the premises are true, the conclusion necessarily follows.

Argument

A set of arguments or justifications presented to convince others of the legitimacy or correctness of a particular idea or claim.

Valid

A term indicating that an argument or statement logically follows from the given premises.

Argument

A set of statements or propositions, where some serve as premises and one as the conclusion, intended to demonstrate the truth of the conclusion.