The Authorized Shares of a Corporation

question 128

Multiple Choice

The authorized shares of a corporation

• A) only reflect the initial capital needs of the company.
• B) are determined by the company's board of directors.
• C) are indicated in its articles of incorporation.
• D) must be recorded in a formal accounting entry.

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Definitions:

Legislation

Laws and statutory regulations enacted by a government's legislative body.

Field of Negligence

An area of tort law that deals with breaches of duty causing harm or injury to others.

Occupiers' Liability Act

Legislation defining the duty of care owed by those who control land or buildings towards those who enter the premises.

Private Nuisance

An unlawful interference with the use or enjoyment of a property, usually by causing harm or obstruction.