Examlex
An agent has implied __________ authority to do any act that usually accompanies the transaction for which the agent is authorized to act.
Fair Market Price
The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Preferred Stock
Preferred Stock represents a class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often including fixed dividends.
Common Stock
A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the company's profits.
Fair Market Value
The cost at which a property would be exchanged in a competitive bidding environment.
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