When Issuing Common Shares,the Initial Investment Is Credited to Common

question 28

True/False

When issuing common shares,the initial investment is credited to Common Shares.

---

Definitions:

Civil Code

A comprehensive system of laws designed to deal with the core areas of private law such as property, family, and obligations.

Quebec

A province in Canada known for its French-speaking population and distinct legal and cultural identity.

Law of Equity

The law of equity refers to a set of principles that allow courts to apply justice based on fairness, in situations where the application of strict legal rules would result in an unjust outcome.

Precedent

A legal case that establishes a principle or rule that is followed by courts in future cases with similar issues or facts.