Which of the Following Is NOT Generally a Right or Preference

question 80

Multiple Choice

Which of the following is NOT generally a right or preference associated with preferred shares?

• A) the right to vote
• B) first claim to dividends
• C) preference to corporate assets in case of liquidation
• D) to receive dividends in arrears before common shareholders receive dividends

---

Definitions:

Reckless Disregard

A conscious indifference to the rights or safety of others that represents a significant deviation from reasonable conduct.

Knowledge of Falsity

Pertains to the awareness that a particular statement or claim is false.

Fundamental Right

A right considered to be essential for the liberty or well-being of individuals, often protected by law.

U.S. Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.